15m TF. The price has broken out of the descending channel, breaching the sloping resistance level that had been holding back movement for several hours. This breakout indicates a weakening of selling pressure and an increase in buying activity. The local structure shows a recovery of the upward momentum, confirmed by a clear consolidation above the sloping line. I expect active movement to remove the remaining liquidity above.
1TP - 14.67
2TP - 15.01
3TP - 15.20
#BreakoutOfSlope
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LONG #APTUSDT from $14.4 stop loss $14.01
15m TF. The price has broken out of the descending channel, breaching the sloping resistance level that had been holding back movement for several hours. This breakout indicates a weakening of selling pressure and an increase in buying activity. The local structure shows a recovery of the upward momentum, confirmed by a clear consolidation above the sloping line. I expect active movement to remove the remaining liquidity above.
1TP - 14.67
2TP - 15.01
3TP - 15.20
#BreakoutOfSlope