📉 Short Position on APT/USDT 🚨
🔹 Entry: $6.18
🔹 Target: $4.79
🔹 Stop Loss: Above $6.34
I'm taking a short position on APT/USDT as price is rejecting the upper trendline of a descending channel.
Why This Trade?
✅ Price rejection at resistance suggests a move lower.
✅ MACD is weakening, signaling bearish momentum.
✅ RSI is overbought, hinting at a potential reversal.
✅ Strong risk-to-reward ratio, making this trade worth the setup.
📌 Things to Watch:
🔸 If price breaks above resistance, I'll exit the trade early.
🔸 If price respects the channel, I expect a smooth ride to the lower trendline.
Let's see how this plays out! Are you taking this trade too? 👀🔥
#Crypto #Trading #TechnicalAnalysis #ShortSetup #APTUSDT
🔹 Entry: $6.18
🔹 Target: $4.79
🔹 Stop Loss: Above $6.34
I'm taking a short position on APT/USDT as price is rejecting the upper trendline of a descending channel.
Why This Trade?
✅ Price rejection at resistance suggests a move lower.
✅ MACD is weakening, signaling bearish momentum.
✅ RSI is overbought, hinting at a potential reversal.
✅ Strong risk-to-reward ratio, making this trade worth the setup.
📌 Things to Watch:
🔸 If price breaks above resistance, I'll exit the trade early.
🔸 If price respects the channel, I expect a smooth ride to the lower trendline.
Let's see how this plays out! Are you taking this trade too? 👀🔥
#Crypto #Trading #TechnicalAnalysis #ShortSetup #APTUSDT
Trade closed: stop reached
📉 APT/USDT Trade Update 🚨🔹 Entry: $6.18
🔹 Target: $4.79
🔹 Stop Loss (Moved): Hit at 10% Profit ✅
My short trade closed early as my moved stop loss got hit at 10% profit after price bounced off the 200 EMA.
Key Takeaways:
✅ Secured profit before a potential reversal.
✅ 200 EMA acted as strong support, leading to a bounce.
✅ Always manage risk—trailing stop helped lock in gains.
📌 Next Steps:
🔸 Watching for another rejection at resistance for a potential re-entry.
🔸 If price breaks above, I’ll wait for a better setup.
Still a solid trade! On to the next one! 🚀📊
#Crypto #Trading #RiskManagement #APTUSDT #ProfitSecured
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.
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.