APT at Historic Support – Massive Reversal Incoming?APTUSDT technical analysis update
APT has been trading inside a descending channel for over 900 days, and it's now once again testing the channel support. As shown in the chart, the price has bounced multiple times from this level, making it a historically strong support zone.
Currently, the target is the upper boundary of the channel (resistance). If APT manages to break out of this long-term descending channel, it could trigger a strong bullish move, possibly a moonshot.
APTUSDC
$APT: PULLBACK 🌊Everyone was in rush to invest in APTOS blockchain but big exchanges like Binance conquired big % of APT supply and it kinda controls price movement, dump $APT until retail traders get vanished then send it higher. This is exactly what happened in first days of $APT trading.
Now, after this breakout and print of a new HH, price is retracing to previous support and has already rejected it multiple times before going up nearly +30%.
Setting buy-limits at this support box. For SL, 5-10% below support should be fine as our TP is targeting a minimum of 50% gain.
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APTUSDTTo much confluence between 11.77- 11.20 probably there would be very big buy and from there we will atleast got bounce of 5-10%
Solid resistance: 12.6
Main resistance : 13.4
Last Resistance: 14.9
We are going step by step.
To be honest for me this is swing trade to mid term.
I will hold it till it don't hit my tp around 25-27$