Summary• APTJPY rose 1.3% in 24 hours, with price climbing from 478.2 to 486.2 Yen.• Bullish
picked up after 18:00 ET with a strong 15-minute candle (173000) closing at 487.9 Yen.• Price tested a key support at 486.2 Yen twice in the last 6 hours with minimal breakdowns.
Market Activity and Key Levels
Aptos/Yen (APTJPY) opened at 478.2 Yen at 12:00 ET-1 and traded to a high of 500.6 Yen by 22:00 ET before retracing to close at 486.2 Yen at 12:00 ET. The 24-hour volume totaled
5,409.68 and turnover reached
2,647,259.74 Yen. The pair showed a volatile, range-bound profile but with distinct short-term bullish momentum.
Price action revealed key resistance around 494.1 Yen and support at 486.2 Yen, with several tests of the lower boundary in the last 6 hours. A large-volume candle at 213000 ET (501.3 Yen volume) marked a significant price expansion. The 486.2–494.1 range appears to have become a dynamic battleground, with potential for a breakout or consolidation into a tighter channel.
Technical Indicators and Momentum
MACD showed a bearish crossover in the early morning hours but later turned positive as the 15-minute candle on 024500 ET (497.8 Yen) closed strongly bullish. RSI remains in neutral territory at 56.3, with no immediate overbought or oversold signals. Bollinger Bands have expanded over the last 4 hours, indicating increased volatility, and the price currently sits just below the lower band, suggesting a potential bounce.
Volume was unevenly distributed, with the most notable spike occurring at 184500 ET (1423.96 volume), during a sharp 6.3 Yen move. The volume–price action remains aligned, with no clear divergence detected at this time.
Volatility and Fibonacci Retracements
Bollinger Band width increased over the last 4 hours, suggesting elevated volatility. Key Fibonacci retracement levels for the 15-minute swing from 478.2 to 500.6 Yen include 494.1 (38.2%) and 489.2 (61.8%), both of which were tested and held. These levels may serve as dynamic supports or resistances for the next 24 hours.
Backtest Hypothesis
The provided backtest description outlines a potential issue with pre-computed Bullish Engulfing signals for APTJPY, likely due to a missing or misconfigured data feed. If we proceed using a self-built backtest based on raw OHLC data, we could isolate confirmed Bullish Engulfing patterns from the 15-minute candles, extract the entry dates, and assess the 3-day performance. This method ensures a tailored and accurate test, especially for a less-traded or non-standard ticker like APTJPY.
Given the strong price rebound off 486.2 Yen, a valid Bullish Engulfing pattern at this level would offer a compelling entry point for short-term traders. The 3-day outcome could validate or refute the pattern’s predictive value in this pairing.
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