Aptos: How Much Leverage Should I Use? Trading Basics
2024-11-23

The reason why I am doing lower leverage on my APTUSDT (Aptos) LONG trade is because it has been green for three weeks already. The support is set at EMA55/89 and thus I am a bit late for a LONG trade. When I am late, rather than dismiss the chart setup all together instead I opt for lower lev.

If I caught the entry around $8, leverage would be really high. Since the entry now is above $10, leverage should be low. For my trades and for my people of course... We adapt to the market and the charts and try always to seek low risk vs a high potential for reward.

Volume is rising. And last week produced the highest volume since January 2023. This is happening above support (red on the chart).

We look at each pair as a chart setup. The chart setup can be either bearish or bullish. This chart setup is strongly bullish above support and this works long-term. Whenever APTUSDT trades above the red space on the chart, we are bullish. If it trades below, the bearish potential opens up.

Below support this chart setup is still bullish long-term but short-term conditions change.

Anyway, I am mapping a fast and easy wave for you on this chart. Seeing what the other Altcoins are doing, we can expect a strong move once this pair starts to move. We can expect a strong jump when bullish momentum grows. We can expect a strong rise since Aptos has been rising already since August 2024. The slow rise can be considered bullish consolidation. Consolidating while moving higher; it is moving higher but still consolidation because an impulse tends to produce strong green candles. And that's what we expect.

Market conditions can vary. The chart can always change.
This is not a sure win but the chart is bullish.
We have the support of the market here to go LONG, why? Because Bitcoin is trading at new All-Time Highs, and the Altcoins are moving strong.  What one does, the rest follows! 

Thanks a lot for your continued support.

Namaste.