I just opened a short position on APT in Grid trading futures, there is a lot of fud around the project Tokenemics and Tps, in the same time euphoria on the hype of Aptos like the future killer of Solana with more transactions per second , and the CEO behind who worked at Facebook to develop the Diem token.
On APT we just eliminated the shorts with today's rise, so there are still those who have fomo to hope for an explosion.
Aptos in comparison with Solana, in summary Solana at launch consolidated between $0.5 and $1 with a fundraising of $30 million, and Aptos raised a fundraising of 300 millions of $, finally I think that APT will consolidate between 5$ and 10$ for a few months, like Solana between 0.5$ and 1$ for three months.
It's only speculation, the project is very new, not enough history, we are in the middle of the weekend with a lot of small fish in the ocean to catch, I see today's rise on Aptos like a short squeeze before doing a long squeeze so a "Buy to Sell"
The range that I trade on APT is between $5 to $10 with 19 Grids of 3.67% between each grid, the stop will be above $10, and to see if the BTC will release a large candle above 20K or below 17.6K!!!
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