$APT Finally Breaks Out After The Retest đ
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I already mentioned this five days ago. After breaking out from the falling wedge, a retest was on the cards as the momentum was lacking. And this is where things become interesting.
đžđžIt's all about liquidity.
Usually people think after the formation of a bullish pattern, the prices will skyrocket. But that's not the scenario every time. If there's not enough liquidity, price will come down to retest the support zones one more time. This time $11 was tested again. And today we saw a healthy volume with sharp spikes.
Now resistance lies at $13 and the retest is in progress. Go through the thread and check the TP levels I mentioned. The train đ can still be boarded.
Apologies to the fam for not posting anything for the past couple of days as I was on a vacation and now returning home. Had longed a few positions from a week which I'm exiting today. As far as this one's concerned I won't suggest new traders to hold a position for so long as the pull back will lead to severe liquidations.
I believed in my analysis and I knew how the price was playing out. Hold the margin accordingly and finally the fruits are reaped. Understanding the trend đ and price action are the only ingredients you need to cook a delicious futures trade.