Over in the Titan Trading discord, we always play what’s hot. Whether it be a meme coin like for example $BONK or just another altcoin, if there is money to be made, we are on it.
Rather than going over some of the incredible plays we’ve made on APT in the past week, we will be going over the potential for this relatively new altcoin.
The reason why APT is that interesting in particular is that it has recently broken the initial all-time high.
If a chart breaks an all-time high, it often pays to pay attention, as with crypto in so-called “price discovery” mode, truly anything can happen.
As we have broken the previous all-time high, a very obvious but effective play is to look at that previous all-time high to now turn into support, before another run.
This means that if APT retraces and falls back down to $10.35, that, in my opinion, could be a very strong buy.
More specifically, however, the area between $11.77 and $8.83 is of particular interest, as it lines up with a fair value gap.
With this knowledge in mind, my personal trading plan for a spot swing trade on APT looks like this:
Buy in 1 at 12$: 25%
Buy in 2 at 10.5$: 25%
Buy in 3 at 9$: 50%
Stop loss below 7.95
Scaling out 25% at 19$
Scaling out another 25% at 29$
Scaling out another 25% at 49$
Scaling out the last 25% at 69$.
As a last remark, it’s truly important to state that price discovery mode on any particular chart is often a massive opportunity.
The best tool to use in order to determine where the price is likely to find resistance is by using the Fibonacci tool.
And the number one way to learn how to use fibs is to check out Titan Trading on Discord.
FREE live trading and education every Friday and Sunday at 4 PM ET (Friday after the US stock market close).
Good luck,
BTC_Jay
