APT|USDT DAILYS/R | TRADING CHANNEL| PRICE ACTION| TREND

Evening Traders

Todays analysis, APTUSDT, rejection from a clear resistance and channel high where a rotation lower is now possible,

points to consider
- price action impulsive
- Daily S/R Resistance
- Channel Low Support
- Technical Higher Low

APTUSDT has confirmed a rejection from its Daily S/R Resistance and is now trading towards its channel low support that is in confluence with the .618 fiboancci, allowing for a bullish bias.

The immediate objective is the Daily S/R, exceeding this level will lead to a trend change and continuation.

price action is to be used upon discretion/ management when taking this trade, invalidation is multiple candle closes below the channel low support.

hope this analysis helps,

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