APT Struggles With Resistance Amid Potential Reversal Signals
The price of 
APTUSDT has shown a mix of bearish and bullish tendencies on the 1-hour chart. After fluctuating between $11.74 and $11.56, the price now faces resistance at $11.63 and $11.93, with support levels firmly established at $11.48 and $11.38. Recent price action suggests that APT is in a consolidation phase, with slight bearish undertones.
The 9 EMA has recently dipped below the 20 EMA, indicating short-term bearish momentum. This crossover aligns with the MACD histogram, which, despite showing a minor narrowing of bearish divergence, remains negative. RSI readings hovering below 50 suggest a lack of buying pressure, with the market leaning toward oversold conditions.
Trading Strategy: Traders looking to go short might consider entering near the resistance levels of $11.63 or $11.93 with a stop loss slightly above these points. Conversely, a long trade could be initiated near the support at $11.48, aiming for a recovery to $11.63. Patience is key as the market awaits a decisive breakout.
APTUSDT has shown a mix of bearish and bullish tendencies on the 1-hour chart. After fluctuating between $11.74 and $11.56, the price now faces resistance at $11.63 and $11.93, with support levels firmly established at $11.48 and $11.38. Recent price action suggests that APT is in a consolidation phase, with slight bearish undertones.The 9 EMA has recently dipped below the 20 EMA, indicating short-term bearish momentum. This crossover aligns with the MACD histogram, which, despite showing a minor narrowing of bearish divergence, remains negative. RSI readings hovering below 50 suggest a lack of buying pressure, with the market leaning toward oversold conditions.
Trading Strategy: Traders looking to go short might consider entering near the resistance levels of $11.63 or $11.93 with a stop loss slightly above these points. Conversely, a long trade could be initiated near the support at $11.48, aiming for a recovery to $11.63. Patience is key as the market awaits a decisive breakout.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.