APT / TetherUSUpdated APTUSDT wants the new breakout?
APTUSDT is testing a static resistance level on the 1-day chart, after a bounce from the 10 $ area where the market created a demand zone.
The demand zone indicates that there was a significant buying activity in the 10 $ area, which means that there is a possibility of new liquidity being added to the market. This could result in a new breakout from the $12.5 resistance level.
Based on Plancton's Rules, which are guidelines for trading cryptocurrencies, a new long position could be considered. If the price manages to break through the resistance level at $12.5, it could indicate a bullish trend, and traders could look to enter a long position with the expectation of a continued uptrend.
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Follow the Shrimp 🦐
Keep in mind.
The demand zone indicates that there was a significant buying activity in the 10 $ area, which means that there is a possibility of new liquidity being added to the market. This could result in a new breakout from the $12.5 resistance level.
Based on Plancton's Rules, which are guidelines for trading cryptocurrencies, a new long position could be considered. If the price manages to break through the resistance level at $12.5, it could indicate a bullish trend, and traders could look to enter a long position with the expectation of a continued uptrend.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
the price is testing the key level right nowNote
11%
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