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  1. Home
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  3. APTUSDT - Correction and liquidity capture before the fall

APTUSDT - Correction and liquidity capture before the fall

Scheduled Pinned Locked Moved Trading
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  • lingriidddL Offline
    lingriidddL Offline
    lingriiddd
    wrote on last edited by
    #1

    061dea9c-c30b-4a3f-87e0-6f2507927eae-image.png

    APTUSDT.P is making a countertrend move towards the zone of interest 1.66 - 1.68. Global and local trends are downward, and bearish pressure may do its job...

    Bitcoin is consolidating within a downward trend. A retest of resistance is forming; if bears keep the market under pressure again, the decline of the flagship will also increase pressure on the altcoin market.
    APT has been forming a global downward trend for quite some time. After updating the low to 1.400, we are seeing profit-taking and a rally to the zone of interest 1.66 - 1.68. A short squeeze could trigger a resumption of movement within the main trend.

    Resistance levels: 1.6623, 1.6873, 1.734
    Support levels: 1.553, 1.5035

    A retest of the specified resistance zone and the absence of bullish momentum could give us a false breakout, which in turn could trigger a reversal of the local downward movement...

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    • cryptobroC Offline
      cryptobroC Offline
      cryptobro
      wrote on last edited by
      #2

      if BTC can’t reclaim resistance, alts like APT are gonna get smoked regardless

      1 Reply Last reply
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