APT / TetherUSDiupdate

APTUSDT wants the pullback

APTUSDT is testing the demand zone at the 10$ area on a daily basis, which indicates a strong level of support where there is a significant amount of buying pressure.

The demand zone at the 10$ area is characterized by a large number of buyers who are willing to purchase APT tokens at this price level. This demand zone is likely to have formed due to a previous period of consolidation or accumulation where buyers were actively accumulating APT tokens, leading to a price increase.

However, there is a possibility that the price may experience a new pullback towards the 11$ area in order to grab new liquidity for a new bearish impulse. This pullback may occur as buyers take profits, leading to a decrease in buying pressure and a potential price decline.

If the price breaks below the 10$ demand zone, this may be a signal for a new bearish impulse, leading to a potential new demand zone around the 8$ area. As per Plancton's rules, new short positions may be considered if the price breaks below the demand zone, indicating a potential trend reversal.

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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
  • ⚫️ Black structure -> <= 1h structure.
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Catatan
The price is testing the support
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12% so far
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13 % since my idea.
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The price is testing the key level. 13% so far
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22%
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26%
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