The chart shows that APTUSDT is trading around $9.12. A bullish trend started from a strong support level, as marked with the annotation "Start Latest bull-trend". The price has moved upwards within a channel, breaking through previous resistance levels. 🔄 Pullback to Breakeven:
A pullback to the breakeven zone (highlighted in red) around $9.57 - $9.97 is seen, which may act as a key resistance area if the price attempts to rise again. 🎯 Take Profit Targets (TP):
TP-1: $9.18 📌 – This level might be a short-term resistance where partial profit can be considered. TP-2: $8.83 📉 – Another potential target within a downward trend. TP-3: $8.30 📉 – This level aligns with the next support, where a significant pullback could happen. 📊 Key Support and Resistance:
Resistance: Near $10.73, marked by the upper trendline, and also around $9.57 - $9.97 (breakeven pullback zone). Support: The next strong support level is around $7.49, where a trend reversal could occur if the price drops. ⚠️ Recommendation:
Long Position: Consider entry if the price holds above the breakeven zone with targets at TP-1, TP-2, and TP-3. Short Position: If the price fails to hold above the breakeven zone, aiming for lower targets around $8.83 and $8.30 could be prudent. This analysis combines key price levels, potential take-profits, and possible resistance and support zones as per the channel and trendlines shown.