We are considering a scenario of the beginning of APT purchases.
Since the beginning of the second half of October, the asset has been demonstrating an upward trend, starting from the price level of $4.7926 and reaching $11.0934. This growth amounted to over 130%.
At the moment, APT is undergoing a correction and is trading around the inclined resistance level. The POC volume level is also close to this resistance level.
We are entering a trade on APT with the expectation of growth to the price level of $11.0934, which is more than 16%. Upon reaching this price, we plan to partially close the position, leaving it open in case of buyer activity and positive market sentiment.
Then we will hold the position until the next target at the price level of $12.9259.