Short-term Buy Opportunity for Aptos? | BITmarkets
Идеи Анализ Short-term Buy Opportunity for Aptos?

Short-term Buy Opportunity for Aptos?

September 11, 2024 Анализ
BITmarkets | Short-term Buy Opportunity for Aptos?

Are you a short-term trader looking for a buying opportunity in the cryptocurrency market? If you seek the fast pace of trade flow, we have an outlook for the upcoming price development of a fundamentally strong altcoin: Aptos.

Currently, this cryptocurrency is trading at levels that still present a potential entry point for a buy position.

4-hour time frame analysis

aptofilip1.1

APTOUSD - 4 Hour Time Frame

At the beginning of September, Aptos continued its bearish corrective structure. However, this week, we're seeing a resurgence of bullish momentum.

The recent closure of the structure's last resistance—the Fair Value Gap—has led to the formation of the Inversion Fair Value Gap (IFVG). From our perspective, this technical analysis parameter confirms a buy position, as its creation followed the initial sell-side liquidity withdrawal.

When to buy Aptos?

For those looking to capitalize on this opportunity during the ongoing Bitcoin price correction, it is crucial to manage your risk effectively. Traders should place stop-loss orders below the external low of the bearish structure while setting take-profit orders at relatively equal highs.

If the price on the 4-hour timeframe progressively closes both the IFVG (highlighted in orange) and the last support (highlighted in blue), we recommend gradually selling off part of your position. This is due to the reduced probability of success once these levels are breached.

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