APT quietly rose 2.4%, is there a clear signal for institutions to build a position?

Question

[Coin World] APT&#39;s recent performance has been quite stable, rising by 2.4% to $1.90. While outperforming the market, the Trading Volume is directly 40% higher than the monthly average, which is quite significant.Interestingly, although the price is moving, the fluctuation range is getting very narrow. From on-chain data, it is highly probable that institutions are quietly accumulating - look at that $0.14 range, the lows are getting higher one after another, a typical bottom lifting signal.From a technical perspective, the short-term key support is at $1.88, with resistance around $1.91 above. If we hold the current level, reaching $1.92 shouldn&#39;t be a problem. Of course, the premise is that Trading Volume needs to remain active; otherwise, this breakout may be discounted.

AirdropLicker · Accepted Answer

I&#39;ve heard too much about the institutions&#39; accumulation trap. They always say it like this, but what are the results?

This wave of APT feels like a rebound, and high trading volume isn&#39;t necessarily a good thing.

Let&#39;s wait until it breaks 1.92 to discuss; it&#39;s too early to draw conclusions now.

CommunityLurker · Answer

The Trading Volume doubling really has some substance, the institutions are heavily Accumulating.

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I&#39;ve heard this bottom lifting strategy too many times, in the end, it still ends with dumping.

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This position at 1.90 feels a bit high, I&#39;ll wait for a pullback to enter a position.

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Narrow fluctuations maintaining the support level, it looks stable, but I&#39;m afraid of a black swan event.

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If the Trading Volume lacks momentum, this Rebound might just be a flash in the pan.

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Beating the market isn&#39;t surprising, the key is whether it can break through the 1.92 hurdle.

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BTC is still grinding at the bottom, for small coins, don&#39;t rush to celebrate this little rise.

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On-chain data Accumulating? Got it, it&#39;s likely the market maker is about to play people for suckers.

FromMinerToFarmer · Answer

Trading Volume big pump 40%, this is indeed a bit fierce, but be careful that institutional Accumulation is fake, and dump is real.

Whether the 1.92 key level can be broken still depends on the volume; if the volume doesn&#39;t follow, it&#39;s a false breakout, I&#39;ve been deceived before.

APT&#39;s bottom lifting signal looks good, but it&#39;s better to be cautious; anyway, I&#39;m waiting for 1.88 to break before I say anything.

BearMarketSurvivor · Answer

The trading volume being pumped up this high is indeed interesting, but I&#39;ve heard too much about institutions accumulating positions.

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Is there a bottom-raising signal? I&#39;m more concerned whether this is another bull trap; let&#39;s talk after 1.88 breaks.

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A 40% increase in trading volume is a bit aggressive; whether this wave is a real breakthrough or a flash in the pan will depend on how it moves next.

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The combination of narrow fluctuations and high trading volume does seem like someone is positioning, but I will wait for confirmation before following.

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What difference does 1.92 make? The key is whether it can hold above 1.88; if it breaks down, the game changes.

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Here comes the story of institutions building positions again; what happened to those who listened to this last time?

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The trading volume is so active that it&#39;s making me a bit anxious; usually, this is a good time for dumping.

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I want to buy the dip but lack the courage; APT is too easy to dump.

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Let&#39;s see how long this support can hold before we talk; the short-term technicals aren&#39;t stable enough.

RooftopReserver · Answer

Hmm... I&#39;ve heard enough of the institutions&#39; accumulation talk, and what&#39;s the result?

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The trading volume is so strong, it feels like someone is testing the waters.

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The signal of a bottom lift sounds just like the prelude to playing people for suckers.

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1.92 is still too close, why bother, just go for 2 bucks.

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Only an active trading volume can lead to a breakout, why not say something more useful?

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Narrow fluctuations... here we go again, this trick is all over the place.

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Institutional build a position? Why do I feel like they&#39;re trying to trick retail investors into the market?

On-ChainDiver · Answer

The trading volume this time really has some substance, the institutions&#39; accumulation vibe is quite obvious.

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Narrow fluctuations with higher trade volumes, I&#39;ve seen this routine too many times.

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If 1.88 can&#39;t break, there’s no hope, we need to see if the volume cooperates.

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The bottom lift sounds good, but in reality, we still have to see if it can hold above 1.90.

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Once the volume shrinks, this wave of the market will be over, the last two times were like this.

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So the key is still whether the volume can hold, 1.92 is a bit far.

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APT this time is really quietly making big profits, but don’t be too happy too soon.