- I see multiple warning signs on this chart. It looks like a lot of traders bought this coin on the spot market and also longed this coin on the market to get rekt.
- The price action is absolutely on the APT coin. I strongly suggest staying away from this altcoin. You can probably buy it at 1 USDT later!
- The bulls failed to do an impulse wave, which is a disaster. Also, we can spot a triangle, which you do not want to see at all if you are a bull.
- From the fundamentals perspective, APT is likely a great coin. That’s why I recommend buying APT at much lower prices.
- This is just a quick update on this coin and my opinion.
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.