✴️ AptosLaunchToken Bottom Leads To Reversal

9 ก.ค. 2023

We have one more bottomed out Altcoin to show you today, AptosLaunchToken.

How to spot a potential bottom?

The initial low was hit 10-June.
Preceding this low we can see a very steep decline.
As soon as the 10-June low is hit, price action goes literally flat when it comes to candle closure lows.

When moving from a steep decline to flat, this is a strong giveaway that a bottom is likely forming.

This is supported by an oversold RSI.
Look at the red part on the RSI around mid-June.

The lowest session close happened on the 14-June and then we have higher lows.

Today we have a long lower wick with prices pushing higher, aiming to close above EMA10 and possibly EMA21 as well, sending out a strong bullish signal as a rejection happened last time EMA21 was tested as resistance.

All this is telling us that a bullish wave is now possible.

The risk is low (a tight stop-loss at the blue lines), while the growth potential is huge.
Low risk vs high potential for reward.

The best type of setup for patience/relaxation, long-term traders.

Namaste.