APT/USDT SHORT
The chart shows a strong price increase, while the indicators show signs of weakening the upward momentum. MACD: The lines are starting to converge, indicating a potential correction. RSI: The value of 68.22 is approaching the overbought zone, which also indicates the possibility of a reversal or at least a short-term correction. The price has approached the premium area (around 10.15), which may become a resistance zone. There is also a weak maximum (Weak High), which may further increase the likelihood of a rollback. Forecast: A downward price correction can be expected in the next 5 hours. It may test levels below the current mark, possibly to the support zone indicated around 8.73, where the 0.705 and Discount levels are located, or intermediate levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.