Crypto Market Today ($SUI ,$FTM , $APT )

Today, there are some interesting opportunities to buy crypto and optimal strategies for take profit (TP):

Buy Opportunity

SUI:

The technical trend shows the current price is above the 20 and 50 EMA, indicating bullish. Potential increase from $3.40 to $4.40 if the trend continues, with support at $2.38 as a risk of correction. This is a buy opportunity if the price approaches support​

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Fantom (FTM):

FTM shows an inverse head-and-shoulders pattern, indicating a bullish reversal. Potential price targets are $1.14 to $2, especially after the launch of Sonic Mainnet​

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Aptos (APT):

With an ascending triangle pattern, there is a chance of an increase to $20, although the risk of a decrease to $10.97 remains. Watch market volume for confirmation​

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CRYPTOHARIAN

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Take Profit Strategy

Gradual TP:

Apply gradual exit scales at key price levels to average out optimal sell prices, rather than trying to maximize at the top​

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Use Indicators:

RSI: Sell when RSI approaches or exceeds 70 (overbought).

Bollinger Bands: TP when price touches the upper band, especially in an uptrend​

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Risk Management:

Use the 2% rule to manage risk exposure on each position. Don't be too aggressive, especially in volatile markets​

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Volume Confirmation:

A price increase with high volume is a signal to maximize TP. If volume decreases as price increases, consider exiting early​

CRYPTOHARIAN

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Important Notes

Crypto remains a highly volatile asset. Thorough research and strategy are needed to mitigate risk.

Credit: Tokocrypto, criptoharian, indodax