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APT/USDT It shows price bounce on the demand and reversal sign!

BINANCE:APTUSDT   APT / TetherUS
πŸ’Ž Paradisers, #APT is certainly a coin worth keeping a close watch on.

πŸ’Ž After bouncing from the demand area following a rejection at the resistance, APT appears poised to attempt another breakout.

πŸ’Ž Success in breaking above the resistance at $11.15 could signal a continuation of the upward movement, with the next target being the Bearish OB (OB-). If this level is breached as well, APT may advance towards our target strong resistance area.

πŸ’Ž However, should APT fail to break above the $11.15 resistance and face rejection once more, it could retreat to the demand area or even drop to the support around $6.3 if the demand fails to hold. If APT does reach the support area, there's a possibility of it merely triggering liquidations before reclaiming a position above the demand at $8.2.

πŸ’Ž However, a failure to reclaim the demand level could indicate a bearish turn, potentially leading to further downward movement. Keep a close eye on APT, as a break below the support area, confirmed by a daily candle close, could signal a bearish trend continuation.

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