This level is pretty interesting right now. Looking at the 4-hour chart, APT has been trending downward, with both highs and lows moving lower. Recently, it broke through a key support area, and now the price is coming back to test it—this area has now flipped into resistance.
**Here’s my plan:** Entry for short: around 1.7676 Stop loss: set at 1.8443 Target prices in two stages: first target 1.6526, then 1.5375
The logic is simple—since support has turned into resistance, if the price gets rejected here again, the downtrend should continue. There are also a few liquidity clusters below, which are potential targets.
Of course, if the price breaks above 1.8443, then this setup is invalid and I’ll have to accept it.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
AirdropworkerZhang
· 11h ago
The support turning into resistance strategy is indeed a classic, but APT's recent price action does look interesting. Opening a short at 1.76 seems like a decent entry, just worried about a sudden rebound that could hit the stop loss.
View OriginalReply0
Ser_This_Is_A_Casino
· 11h ago
I've seen the support-turns-into-resistance move too many times; a pattern is a pattern, but let's see if APT plays along this time. Entering short at 1.7676 is a bit rushed—I’ll wait a bit longer to see if there’s a better entry point.
View OriginalReply0
notSatoshi1971
· 11h ago
The logic behind this round of APT short positions is pretty solid; the support turning into resistance strategy is indeed a classic.
If it breaks the level and retests, you have to admit the loss. Keep an eye on that 1.8443 line.
If it goes down, 1.6526 is definitely within reach, but sometimes liquidity can be deceptive.
View OriginalReply0
LiquidationWatcher
· 11h ago
Support turning into resistance is a classic reversal signal. I think it's worth trying the short at 1.7676, just worried it might not reach that level.
View OriginalReply0
SerNgmi
· 11h ago
Support turning into resistance is an old trick. Opening a short around 1.76 is indeed tempting. But bro, your stop loss is set a bit tight—1.8443 feels like it could easily get hit. Are you mentally prepared for that?
View OriginalReply0
DarkPoolWatcher
· 11h ago
I've heard the saying "support turns into resistance" too many times, but APT does look a bit weak this time. I'm also thinking of buying in around 1.76.
View OriginalReply0
ImaginaryWhale
· 11h ago
I'm familiar with the support-turns-into-resistance play, but I'm worried it might just be another fake-out. APT has been really unpredictable lately.
Going short at 1.7676 feels a bit late; this level has already been tested several times, and what about the liquidity?
Aiming for 1.5375 seems a bit unrealistic—there's too much risk of a wick liquidating positions along the way.
If you ask me, it's better to wait for a clearer breakout signal before making a move. Getting in now could easily get you trapped.
#比特币对比代币化黄金 ⚡ Eyeing a short opportunity on APT
This level is pretty interesting right now. Looking at the 4-hour chart, APT has been trending downward, with both highs and lows moving lower. Recently, it broke through a key support area, and now the price is coming back to test it—this area has now flipped into resistance.
**Here’s my plan:**
Entry for short: around 1.7676
Stop loss: set at 1.8443
Target prices in two stages: first target 1.6526, then 1.5375
The logic is simple—since support has turned into resistance, if the price gets rejected here again, the downtrend should continue. There are also a few liquidity clusters below, which are potential targets.
Of course, if the price breaks above 1.8443, then this setup is invalid and I’ll have to accept it.
$APT $PLANCK $MET The price action is worth watching closely lately.