APT / TetherUS

APT: Pullback in Uptrend

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Trade setup: After sizeable gains (~400% YTD 2023), price was met with selling pressure around $20 resistance area and pulled back, which could be an attractive swing entry in Uptrend with upside potential to $20.

Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.

Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).

Support and Resistance: Nearest Support Zone is $10.0, then $5.0. The nearest Resistance Zone is $12.50, which it broke, then $20.0.

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