APT
The price is moving within a descending channel on the 1-hour timeframe; it has reached the lower boundary and appears poised for a rebound. A retest of this level is expected, supporting a potential upward move.
The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour chart.
There is initial support at the 0.525 level.
A key support zone (marked in green) exists at 0.480; the price has bounced off this area multiple times, making it a strong support level.
The price is moving toward the 100-period moving average, a level we are currently approaching. This movement supports a potential rise.
Entry Price: 0.593
Target 1: 0.611
Target 2: 0.632
Target 3: 0.659
Stop Loss: At the green resistance zone.
Remember this simple rule: Capital management.
If you have any questions, please leave a comment.
Thank you.
