Short Position on APT/USDT

6 Mac

📉 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

6 Mac

Dagangan ditutup: hentian tercapai

📉 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