The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.
The Relative Strength Index (RSI) is showing a downward trend, approaching the lower boundary, and an upward bounce is anticipated.
There is a key support zone in green at 1.73, and the price has bounced from this level several times. Another bounce is expected.
The indicator is showing a trend towards consolidation above the 100-period moving average, which we are approaching, supporting the upward move.
Entry Price: 1.81
First Target: 1.83
Second Target: 1.87
Third Target: 1.93
Stop Loss: Below the green support zone.
Don't forget one simple thing: Money Management.
For any questions, please leave a comment.
Thank you.
✅ Trade here on $APT
