APTUSDT ready to create a new bullish impulse

APTUSDT is a cryptocurrency pair consisting of Aptus, a digital asset, and Tether (USDT), a stablecoin pegged to the US dollar. Recently, APTUSDT experienced a significant price movement, characterized by a breakout and subsequent retest of the daily support level around the $7.6 mark.

During this breakout, the price of APTUSDT surged above the resistance level it had been trading within, indicating a potential shift in market sentiment and a bullish trend. This breakout was followed by a retest of the previous resistance-turned-support level at around $7.6, which is an important technical event.

According to Plankton's rules, the price of APTUSDT is now poised to create a new breakout. This implies that the market participants are expected to push the price beyond its current trading range, potentially indicating further upward momentum.

As per the strategy, considering the recent breakout and retest, it suggests that traders might be looking for long positions in anticipation of a new breakout. Long positions involve buying an asset in the hope that its value will increase over time.

–––––
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.
  

Follow the Shrimp 🦐