kaiju_crypto

APT swing long

Long
kaiju_crypto Updated   
BINANCE:APTUSDT   APT / TetherUS
I believe apt can rally and fill the fvg maybe even go higher than it

The dump we had recently touched ema 50 weekly and bounced on it

It could rally
If price goes below ema then SL
Trade active:
Price pulled back to ema 50 weekly and is currently testing it
A bounce on it would give us a nice pump

Closing below it would be bearish
Trade active:
if you are trading futures, as long as price stays above ema 50 and closes above it should be fine to long, although alt coins can wick rly bad and still close above so beware of this, never trade huge leverage x huge position size

if it goes below it's better to SL and prepare a new plan to avoid big drawdown in futures due to leverage

if you are holding spot, what I'm doing is that I'm accumulating APT from here down to 2$ if it ever goes there, DCA for long-term, I don't mind impermanent losses as I believe APT will go way higher in a few years, just one bull run to have it reach insane ATH

that's only my own view, not financial advice
Trade active:
move stop to entry in case it fails

bitcoin might dump and altcoins could follow

Price is struggling to rally for now, still above EMA but a sudden BTC reversal can take altcoins with it

for spot I keep on accumulating even if it goes lower, I like discounts on new promising coins
for futures I play it safe

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.