Technical analysis by TrendShredder about Symbol APT: Sell recommendation (3/6/2025)

📉 Short Position on APT/USDT 🚨🔹 Entry: $6.18🔹 Target: $4.79🔹 Stop Loss: Above $6.34I'm taking a short position on APT/USDT as price is rejecting the upper trendline of a descending channel.Why This Trade?✅ Price rejection at resistance suggests a move lower.✅ MACD is weakening, signaling bearish momentum.✅ RSI is overbought, hinting at a potential reversal.✅ Strong risk-to-reward ratio, making this trade worth the setup.📌 Things to Watch:🔸 If price breaks above resistance, I'll exit the trade early.🔸 If price respects the channel, I expect a smooth ride to the lower trendline.Let's see how this plays out! Are you taking this trade too? 👀🔥#Crypto #Trading #TechnicalAnalysis #ShortSetup #APTUSDT📉 APT/USDT Trade Update 🚨 🔹 Entry: $6.18 🔹 Target: $4.79 🔹 Stop Loss (Moved): Hit at 10% Profit ✅ My short trade closed early as my moved stop loss got hit at 10% profit after price bounced off the 200 EMA. Key Takeaways: ✅ Secured profit before a potential reversal. ✅ 200 EMA acted as strong support, leading to a bounce. ✅ Always manage risk—trailing stop helped lock in gains. 📌 Next Steps: 🔸 Watching for another rejection at resistance for a potential re-entry. 🔸 If price breaks above, I’ll wait for a better setup. Still a solid trade! On to the next one! 🚀📊 #Crypto #Trading #RiskManagement #APTUSDT #ProfitSecured