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
If it closes a daily candle above, the target is $7
If it closes a daily candle below, the target is $2.75
Comment:
Still in the Crab Zone - no direction yet.
Comment:
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.
I wish I had made the crab zone longer.
Comment:
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.
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.
Comment:
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.
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.
Comment:
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.
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.
Comment:
I didn't manage to get a position on this one. At resistance now.
I didn't manage to get a position on this one. At resistance now.