$APT starts showing recovery from the demand area 0,66–0,77 USDT after undergoing a sufficiently long accumulation phase.
Key levels to watch:
Support: 0,66–0,77
Resistance: 0,87–1,00
Major resistance: 1,19–1,24
The bullish scenario will become even more attractive if the price can break out and close above 1,00 with volume support. If that happens, the 1,19–1,24 area will become the next resistance level to watch.
On the other hand, if the price loses the 0,77 area again, the possibility of a retest to the lower demand area should be kept in mind.
Currently, momentum appears to be strengthening, but the stochastic is already in the high zone. Therefore, confirmation of the breakout and volume remain important before taking a position.
Watchlist: $APT
Disclaimer: This content is purely technical analysis and not financial advice. Always practice risk management and Do Your Own Research (DYOR).
#MrOreoAnalysis #APTUSDT #BinanceSquare #TechnicalAnalysis
Key levels to watch:
Support: 0,66–0,77
Resistance: 0,87–1,00
Major resistance: 1,19–1,24
The bullish scenario will become even more attractive if the price can break out and close above 1,00 with volume support. If that happens, the 1,19–1,24 area will become the next resistance level to watch.
On the other hand, if the price loses the 0,77 area again, the possibility of a retest to the lower demand area should be kept in mind.
Currently, momentum appears to be strengthening, but the stochastic is already in the high zone. Therefore, confirmation of the breakout and volume remain important before taking a position.
Watchlist: $APT
Disclaimer: This content is purely technical analysis and not financial advice. Always practice risk management and Do Your Own Research (DYOR).
#MrOreoAnalysis #APTUSDT #BinanceSquare #TechnicalAnalysis
