Long

APT|USDT DAILYS/R | TRADING CHANNEL| PRICE ACTION| TREND

Evening Traders

Todays analysis, APTUSDT, rejection from a clear resistance and channel high where a rotation lower is now possible,

points to consider
- price action impulsive
- Daily S/R Resistance
- Channel Low Support
- Technical Higher Low

APTUSDT has confirmed a rejection from its Daily S/R Resistance and is now trading towards its channel low support that is in confluence with the .618 fiboancci, allowing for a bullish bias.

The immediate objective is the Daily S/R, exceeding this level will lead to a trend change and continuation.

price action is to be used upon discretion/ management when taking this trade, invalidation is multiple candle closes below the channel low support.

hope this analysis helps,

thank you for following my work

“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee,

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