APTOS - Crab Zone

22 Nov 2022

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

28 Nov 2022

Nota

Still in the Crab Zone - no direction yet.

5 Dis 2022

Nota

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.

17 Dis 2022

Nota

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.

21 Dis 2022

Nota

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.

7 Jan 2023

Nota

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.

15 Jan 2023

Nota

I didn't manage to get a position on this one. At resistance now.