Today‘s watchlist features Layer one Blockchain Aptos, the cryptocurrency Magic from the decentralized video game console treasure. Additionally included is the layer two scaling solution Optimism.
Short
Aptos
Layer one blockchain Aptos has been going on a big run lately. It went from a low of about $3 at the start of the year to about $14.50s today. I have covered and traded Aptos a few times and kept it on my watch since it spiked above the $7 level. I will keep a close eye on this one in the coming days and weeks, it might provide the possibility for big profits. Take a look at the daily chart below.
Here is my past article about Aptos:
Magic
The magic token has moved similar to Aptos, going up with the crypto market but spiking bigger than the overall market (BTC/ETH). Magic has run from about $0.45 to almos $1.40 in about 2 weeks. The run might continue, but it seems like the wicks are getting bigger, which you can see on the daily chart below. This often is a sign for price stagnation or a change of direction.
You can read an article about how I got liquidated on Magic here:
Long
Optimism
The cryptocurrency I keep on watch for a possible Long play is the token of the Layer 2 Optimism. What I want to look out for is a break of its current ATH at $3. So far it reached the $2.50s, which is not too far away from a breakout. Breaks of all-time-highs can lead to a price explosion, as everyone who got in before is in the green. Look at the daily chart of the cryptocurrency OP below and keep it on watch!
These are my top three watches beside the obvious ones like Bitcoin and Ethereum which price actions lead the markets.
I hope this newsletter helps you get some ideas on what to look for.
All the best for the coming week
Niklas
This is not financial advice, it is fr educational purposes only!