📈 Analysis: APTUSDT appears to be breaking out of an accumulation zone, but given the strong resistance above, we could be entering a distribution phase. If price struggles to break above 7.00-7.50 USDT and starts forming lower highs, we might see a rejection and a potential drop back to the range lows.
🔹 If the price holds above 7.00, it could push towards 10.50. 🔹 If rejection happens, expect a retest of 6.30 - 6.50 support zone.
💡 Risk Management: 🔸 If price fails to sustain momentum, trailing stop recommended. 🔸 Monitor volume—decreasing volume near resistance signals weakness.
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⚠️ Not a financial advice! do your own research as well
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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.