#apt
The price is currently pressing on the previous daily low and entering a very severe oversold area, and we may see a horrific historical low if the rebound fails.
We are in the phase of liquidating long contracts, and the next target is to break the current low and discover a new historical low.
Market Maker Strategy (Liquidating Lows)
Immediate target: Breaking the daily low of 1.6358 to liquidate remaining stop-loss orders.
Next target (horrific low): Once breaking 1.6358, the goal will be to reach previous support levels (such as 1.6100 and 1.5968) or level 1.601 from previous analysis.
Corrective rebound: The market maker may allow a short rebound towards 1.6496 to alleviate pressure for the final break.
Entry upon rejection of the corrective rebound.
Rejection price at 1.6496 (lower limit) or 1.6792 (pivot point).
Stop loss: 1.6949 (returning above the upper limit).
Targets: 1.6358 - 1.6100 - 1.553
Breaking this level of 1.6358 and stabilizing below it confirms the trend towards the horrific low.
