Top Altcoins + 3 Requests (SOL, SUI, APT)
24/10/2024
In this Top Altcoins report, I’ll cover three requested altcoins and break down the top-performing ones at the moment. You’ll also find a detailed trading plan, including entry points, profit targets, and stop-loss levels. If you have an altcoin you'd like to see covered in the next update, feel free to leave a comment or send me a message!
3 Altcoins Requests
*$SOL $127 area support
Stop Loss: $98.29
Take Profit: $188.93
Risk/Reward Ratio: 2.16
SOL is currently one of the strongest altcoins. I entered a trade from the $127 support area. The price had been moving sideways, with the $160 to $165 zone acting as a significant resistance level. Now that SOL has broken above this resistance, the bulls are clearly in control.
If I didn’t already have a position, I’d consider entering again around the $165 level, as it’s now a key support area after the breakout.
*$SUI 1.75 area support
Stop loss: 1.55
Take profit: 2.3
Risk / Reward ratio: 2.7
SUI is currently my second favorite chart. I entered at the $1.75 support level and recently took profits after it briefly dropped below $2. Given the strong upward move, the price may take some time to regain momentum.
I plan to be patient and re-enter at $1.75 unless SUI can reclaim and hold above $2 again, which would signal a potential continuation of the uptrend.
$APT 9.6 area support
Stop loss: 7.6
Take profit: 13.6
Risk / Reward ratio: 2
APT is currently sitting at a critical level around $9.6, which it needs to hold to keep the bulls in control. If it breaks below this point, it could signal trouble, and I wouldn’t recommend holding onto it if that happens. While I’m not in this trade at the moment, I do keep an eye on APT and cover it regularly in the weekly Top Altcoins report for further updates.
Next, we'll dive into a Bitcoin trade, followed by trade setups for select Top Altcoins.
