Technical analysis

    APT Aptos – Be careful, do not buy this coin!

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    APT on the 1h chart
    • 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 futures market to get rekt.
    • The price action is absolutely bearish 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.
    • https://www.tradingview.com/chart/APTUSDT/PO04WcH3-APT-Aptos-Be-careful-do-not-buy-this-coin/
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    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.