APTUSDT is testing the demand zone at the 10$ area on a daily basis, which indicates a strong level of support where there is a significant amount of buying pressure.
The demand zone at the 10$ area is characterized by a large number of buyers who are willing to purchase APT tokens at this price level. This demand zone is likely to have formed due to a previous period of consolidation or accumulation where buyers were actively accumulating APT tokens, leading to a price increase.
However, there is a possibility that the price may experience a new pullback towards the 11$ area in order to grab new liquidity for a new bearish impulse. This pullback may occur as buyers take profits, leading to a decrease in buying pressure and a potential price decline.
If the price breaks below the 10$ demand zone, this may be a signal for a new bearish impulse, leading to a potential new demand zone around the 8$ area. As per Plancton's rules, new short positions may be considered if the price breaks below the demand zone, indicating a potential trend reversal.