APTOS - Crab Zone

Nov 22, 2022

Aptos has been crabbing for the past 12 days.

If it closes a daily candle above, the target is $7
If it closes a daily candle below, the target is $2.75

Nov 28, 2022

Note

Still in the Crab Zone - no direction yet.

Dec 5, 2022

Note

top of the crab range, no close above. wicks above, rejection. We could see the bottom getting hit, too.

I wish I had made the crab zone longer.

Dec 17, 2022

Note

We did hit the bottom of the range. Seems to be holding so far. Once again, waiting for the direction out of this crab zone.

Dec 21, 2022

Note

Price broke down from crab zone, retested it and failed to find its way back in. Looks like $2.75 is coming.

A close back within the crab zone (above $4) is a buy. If that happens, first sell target is $5, and the second is $7.

Jan 7, 2023

Note

I was right in arguing that once there was a close below the crab zone, we'd see a leg down, but I missed the bottom by 10%.

If I see a close back in the crab zone, I try to buy around where the red arrow points, and then sell at the top of the crab zone for 30% profit.

Jan 15, 2023

Note

I didn't manage to get a position on this one. At resistance now.