#apt
The rise may push the price towards 1.7169 (the 24-hour peak) but the likelihood of failing to hold at this level (due to severe overbought conditions) is high, and this rise may be a buy trap.
The critical point now is 1.6604. Breaking it and holding below will activate the rapid collapse scenario.
Focus on selling trades when the rise fails at 1.7169 or when breaking 1.6604.
It is likely to fail to hold above 1.715/1.7169.
1- Sell APT
Entry: A strong negative candle appears at 1.7169 (daily peak/level 1.715).
Stop loss (SL): 1.7250
The rise towards 1.7169 is to accumulate liquidity before distribution and a sharp drop, be ready to enter a sell trade.
APTUSDT
Perp
1.5891
+3.51%
