APTUSDT is testing a static resistance level on the 1-day chart, after a bounce from the 10 $ area where the market created a demand zone.
The demand zone indicates that there was a significant buying activity in the 10 $ area, which means that there is a possibility of new liquidity being added to the market. This could result in a new breakout from the $12.5 resistance level.
Based on Plancton's Rules, which are guidelines for trading cryptocurrencies, a new long position could be considered. If the price manages to break through the resistance level at $12.5, it could indicate a bullish trend, and traders could look to enter a long position with the expectation of a continued uptrend. ––––– Follow the Shrimp 🦐
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