VIP MARKET UPDATE: $APT
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#APT is trading around 0.605 and coiling into the apex of the symmetrical triangle we've been tracking on the 4H. The descending trendline from the 0.680 highs caps price near 0.630, while the rising support from the 0.558 lows keeps lifting the floor around 0.600, tightening the range fast.
The coil is well advanced and the breakout is close. Reclaiming 0.610 and breaking the descending trendline flips the structure bullish, opening the door toward 0.630 and 0.650 next. Losing 0.600 and the rising support exposes 0.590 and 0.582 below.
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#APT is trading around 0.605 and coiling into the apex of the symmetrical triangle we've been tracking on the 4H. The descending trendline from the 0.680 highs caps price near 0.630, while the rising support from the 0.558 lows keeps lifting the floor around 0.600, tightening the range fast.
The coil is well advanced and the breakout is close. Reclaiming 0.610 and breaking the descending trendline flips the structure bullish, opening the door toward 0.630 and 0.650 next. Losing 0.600 and the rising support exposes 0.590 and 0.582 below.
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