Technical Outlook: APT & LINK — Two Opposite Setups, One Tactical Opportunity
APT (Aptos): After breaking below a smaller descending channel, APT bounced from the bottom of a larger structure and is now approaching a key resistance zone.
Trade Setup:
Direction: Short
Entry Zone: $4.95 – $5.15
Targets: $4.45 / $4.30 / $4.15
Stop Loss: $5.25
Watch for weakness in this pressure zone to validate the short setup.
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LINK (Chainlink): LINK broke out of a descending channel but pulled back after hitting resistance near $15.3. With support forming near $13.2 (0.618 Fib), a potential head-and-shoulders bottom is in play.
Trade Setup:
Direction: Long
Entry Zone: $14 – $14.4
Targets: $17.5 / $18.7 / $19.8
Stop Loss: $13.1
Volume confirmation on the next move higher could signal continuation.
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Chart smart, manage risk, and always wait for confirmation.
Disclaimer: Not financial advice.