#APT/USDT - A lower timeframe view - Breakout Entry

#APT

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the decline.

There is a major resistance area (marked in green) at 4.32, which represents strong resistance.

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We are in a consolidation trend below the 100 moving average.

Entry price: 4.324
First target: 4.15
Second target: 4.046
Third target: 3.94

Don't forget a simple matter: capital management.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

Thank you.