Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
APT's recent performance has indeed been quite aggressive. A 13% decline on high volume, combined with the currently elevated holdings, signals a typical long liquidation. From the market perspective, selling pressure is continuous, but the buying support is clearly insufficient, making the market appear somewhat cold.
On the technical side, the price has broken through a key support level. Such a decline under high holdings often triggers a chain reaction—longs are forced to cut losses, further increasing downward pressure, creating a vicious cycle. Short-term rebounds are weak, and market sentiment leans toward panic selling, with no effective signs of stabilization.
If you are bearish, you might consider this approach:
An entry range between 1.58 and 1.62 is more appropriate, with a stop loss set at 1.68 (a rigid stop loss that cannot be broken). The first profit target is at 1.48; if reached smoothly, consider reducing positions or locking in some gains. The second target is further down at 1.38.
Overall, follow the downward momentum until clear buy absorption signals appear before considering closing positions. The current market rhythm is still downward.