š„ $APT Stuck in consolidation, but watching for a potential short-term bounce
Hey guys, APT has been pretty painful lately ā still consolidating with that bearish tilt, but the selling pressure seems to be easing off a bit. Let's break it down.
*Volume check:
Recent candles are showing volume around 35M, way down from the insane 109M spikes we saw during the big crash. When volume dries up like this during a range, it usually means the heavy sellers are done for now, and we're in that awkward "indecision" phase before the next real move.
*Capital flows:
Not gonna sugarcoat it ā outflows are brutal across the board (spot and contracts, 24h/3d/7d). That's classic bearish fundamentals, people pulling money out. But on the shorter timeframes (like 5m/15m), spot flows are mixed with some small inflows popping up. Combined with an oversold RSI, it makes me think there could be a quick relief bounce if buyers step in.
*Price action:
We're grinding between ~1.556 (24h low/support) and 1.641 (24h high/resistance). The MA20 is hovering around 1.655, acting as a magnet maybe.
*My current bias $APT (cautious contrarian long):
I'm not super bullish overall ā the big picture is still bearish ā but for a short-term play, I'm watching for a break above 1.641 with volume to confirm buyers are back. That could target 1.738 (R1) for ~8% upside. More aggressive folks could dip-buy near 1.556, but keep stops tight.
*Plan $APT
- Entry long: Break above 1.641 with volume OR scale in at 1.556 support
- Stop-loss: Around 1.520 (below the 24h low)
- Targets: First 1.738 (Resistance), or conservative to 1.655 (MA20)
- Stretch: If momentum builds, maybe push higher
Heavy disclaimer: Those outflows and the downtrend structure are real headwinds. This is a tactical bounce idea only ā small position size, no hero trades. If it breaks 1.52 clean, it's back to the downside.
What do you think? Anyone else seeing a bottom here, or are you still avoiding APT? Drop your takes below! #APT #APTUSDT #Aptos
