💎 APT has undeniably grabbed the market's focus with its breakout from the descending channel pattern. APT has bypassed the usual retest at the resistance trendline post-breakout and has instead pierced through the supply zone.
💎 Currently, APT is poised for a retest at the demand level, previously a supply zone, marking the second occasion it has approached the $6.35 area. This positioning suggests APT may be gearing up for an ascent to create a new higher high, the probability of reaching our target in the major supply and bearish order block (OB) area.
💎 However, there's a less optimistic scenario to consider: if APT is undergoing a retest at the demand zone and fails to hold this level, it could signify a breakdown of the area. Should this occur, APT may descend to the next lower demand level at $5.475. At this juncture, it's crucial for APT to demonstrate a bounce to sustain the upward trend and reclaim the $6.35 level. A failure to uphold the $5.475 demand could trigger a bearish momentum for APT, increasing the likelihood of a retreat to the strong support zone.
💎 Currently, APT is poised for a retest at the demand level, previously a supply zone, marking the second occasion it has approached the $6.35 area. This positioning suggests APT may be gearing up for an ascent to create a new higher high, the probability of reaching our target in the major supply and bearish order block (OB) area.
💎 However, there's a less optimistic scenario to consider: if APT is undergoing a retest at the demand zone and fails to hold this level, it could signify a breakdown of the area. Should this occur, APT may descend to the next lower demand level at $5.475. At this juncture, it's crucial for APT to demonstrate a bounce to sustain the upward trend and reclaim the $6.35 level. A failure to uphold the $5.475 demand could trigger a bearish momentum for APT, increasing the likelihood of a retreat to the strong support zone.
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Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV