APT (Layer1 Sector)
After rebounding from the bottom, there was initially a rebound strength of over 30%, which is considered a standard target. It has also formed a clear upward structure, making it a target worthy of our observation.
It can also be seen that before the breakout, there was a retest of the key head position to determine its validity, specifically the high point on August 27.
The second time, on November 4, there was a second test, which also indicated that this target follows the pattern of retesting the head and the switching of support and resistance.
From a historical perspective, this area is currently observed as a strong support level. The previous tests before the breakout indicate that there is a certain resistance effect here. Now that it has broken through and formed a support-resistance conversion, it is currently the head position.
That is 10.49
Recommendation Index: 5
