APT - Third bounce from the support, another opportunity ?

20 giu 2024

APTUSDT (1W CHART) Technical Analysis Update

ATP is currently trading at $7.00 and price has hit the support for the third time, in the past two times whenever price hit the support line it bounced back immediately while giving a decent return on the long trades. I'm expecting similar behaviour this time.
Currently price is around the support zone which is giving us a good opportunity to enter the trade early, if the price drop again, we can do DCA.

Entry level: $ 6.0-7.0
Stop Loss Level: $ 4.29

TakeProfit 1: $ 8.06
TakeProfit 2: $ 10.05
TakeProfit 3: $ 12.18
TakeProfit 4: $ 15.21
TakeProfit 5: $ 19.40
Target for Spot Entry: 30

Max Leverage: 2x
Position Size: 1% of capital

Remember to set your stop loss.

Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.

Cheers
GreenCrypto