$APT is trading around 0.617 after bouncing off the lower channel support near 0.555 and recovering back toward the 0.617 horizontal resistance zone. The descending channel from the 0.760 highs remains intact, with the upper channel resistance now sloping near 0.640, continuing to cap recovery attempts and keeping the broader structure bearish.

A breakout above the upper channel near 0.640 and a reclaim of 0.660 would open the door toward the 0.680–0.700 range. Losing 0.595 on a 4H close risks a retest of the lower channel near 0.555. Reclaiming 0.640 with conviction would be the first signal that the channel breakdown is being reversed.

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