💎 APT has been a major focal point in the market, currently in the midst of a retesting phase at a critical support area. If APT successfully bounces from this level, there's a strong probability of a significant upward movement, with the next target being our Bearish OB area.
💎 However, should APT fail to rebound from the support area, or worse, break below it, this could indicate a false breakout. Such a development would be a negative sign for APT's future trajectory, potentially steering it into a downward trend towards the demand area.
💎 In the demand zone, a robust recovery is crucial for APT. The asset needs to demonstrate a strong bounce back, aiming to reclaim the support and continue its upward momentum towards breaking out of the resistance area. If APT fails to show a positive response in this demand zone and breaks down further, it could signal a shift back to a bearish trend, potentially leading to further downward movement towards a more substantial support area.
💎 However, should APT fail to rebound from the support area, or worse, break below it, this could indicate a false breakout. Such a development would be a negative sign for APT's future trajectory, potentially steering it into a downward trend towards the demand area.
💎 In the demand zone, a robust recovery is crucial for APT. The asset needs to demonstrate a strong bounce back, aiming to reclaim the support and continue its upward momentum towards breaking out of the resistance area. If APT fails to show a positive response in this demand zone and breaks down further, it could signal a shift back to a bearish trend, potentially leading to further downward movement towards a more substantial support area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.