$APT experienced a surge in volume after its decline. Combined with open interest data, this warrants caution regarding potential large-scale distribution by major players. Current price action indicates selling pressure dominating, with no effective buying support.
🎯Direction: No Position
Wait for a clear signal of a weakening rebound in the 1.20-1.22 range, or a significant break below the 1.18 support level with high volume, before considering shorting. Currently, market sentiment is leaning towards panic, with insufficient bullish confidence. Any rebound that fails to be accompanied by a decrease in open interest and strong buying will present a shorting opportunity.
Trade here 👇 $APT
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