Aptos has been crabbing for the past 12 days.
If it closes a daily candle above, the target is $7
If it closes a daily candle below, the target is $2.75
If it closes a daily candle above, the target is $7
If it closes a daily candle below, the target is $2.75
Note
Still in the Crab Zone - no direction yet.Note
top of the crab range, no close above. wicks above, rejection. We could see the bottom getting hit, too. I wish I had made the crab zone longer.
Note
We did hit the bottom of the range. Seems to be holding so far. Once again, waiting for the direction out of this crab zone.
Note
Price broke down from crab zone, retested it and failed to find its way back in. Looks like $2.75 is coming. A close back within the crab zone (above $4) is a buy. If that happens, first sell target is $5, and the second is $7.
Note
I was right in arguing that once there was a close below the crab zone, we'd see a leg down, but I missed the bottom by 10%.
If I see a close back in the crab zone, I try to buy around where the red arrow points, and then sell at the top of the crab zone for 30% profit.
Note
I didn't manage to get a position on this one. At resistance now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.