๐จ A chance worth watching? $APT is approaching a crucial moment after the order zone has been restored.
$APT is back trading above a strong demand zone on the 4-hour timeframe after forming a sequence of higher lows and higher highs, while momentum is showing clear improvement as the indicator continues to record positive signals. But the real test hasnโt started yet.
What supports the bullish scenario?
โ Restoring the demand zone and turning it into support.
โ Forming a short-term upward trend (Higher Highs & Higher Lows).
โ Continued positive momentum on the indicator.
โ A close above 0.648 paves the way toward the next resistance.
๐ Important technical levels
๐ Watch zone: 0.640 - 0.648
๐ฏ First target: 0.654
๐ฏ Second target: 0.666
๐ฏ Third target: 0.679
โ Invalidate the bullish scenario: a clear break and a close below 0.630.
If buyers manage to hold the price above the demand zone, we may see an extension of the move toward the resistance levels shown on the chart. But losing this support could send the price back into a new corrective wave.
$APT is back trading above a strong demand zone on the 4-hour timeframe after forming a sequence of higher lows and higher highs, while momentum is showing clear improvement as the indicator continues to record positive signals. But the real test hasnโt started yet.
What supports the bullish scenario?
โ Restoring the demand zone and turning it into support.
โ Forming a short-term upward trend (Higher Highs & Higher Lows).
โ Continued positive momentum on the indicator.
โ A close above 0.648 paves the way toward the next resistance.
๐ Important technical levels
๐ Watch zone: 0.640 - 0.648
๐ฏ First target: 0.654
๐ฏ Second target: 0.666
๐ฏ Third target: 0.679
โ Invalidate the bullish scenario: a clear break and a close below 0.630.
If buyers manage to hold the price above the demand zone, we may see an extension of the move toward the resistance levels shown on the chart. But losing this support could send the price back into a new corrective wave.