APT Technical Analysis
The 0.94–0.95 area marked with the box is really an important zone. It has worked several times before and has been used as both support and resistance. Price reacted from there and moved upward. For this reason, this area appears as a short-term long zone.
Currently, the price is around 0.98 and the 0.98–1.00 range is acting like a small resistance. Just above it, there is also the 1.002 – 1.016 range. If the price can move above this area and stay there, space opens toward the 1.02 – 1.03 band. That area is also important as it is the recent peak zone.
On the downside, the main critical level is 0.90. If there is a move below this level, the structure breaks. In that case, this consolidation resolves downward, not upward, and the price may slide back toward the lower bands.
In short, the price received a strong reaction but entered directly into a resistance zone. Here, it will either stay a bit and continue upward or move down again. For this reason, in the short term, eyes are on two areas: above, holding above 1.00, and below, 0.94 and especially the 0.90 support. A break in either direction may cause the move to accelerate in that direction.
These analyses do not provide investment advice and focus on support and resistance levels that are considered to offer short- and medium-term trading opportunities depending on market conditions. However, responsibility for execution and risk management lies entirely with the user. In addition, the use of stop loss is strongly recommended.
