APT LONG

I’m looking for a bounce play here as APT tested a strong Fibonacci retracement level and is showing signs of reclaiming support.
🔹 Entry: Around $4.62 (0.309 Fib level & horizontal support).
🔹 Stop Loss: Below $4.38 (invalidates structure if broken).
🔹 Target (TP): Around $4.96 – $5.18 (0.5 to 0.618 Fib retracement + confluence with Bull Market Support Band).
Reasons for the Long:
✅ Fib Confluence – Price is reacting from the 0.309 retracement level and aiming for the 0.5 – 0.618 zone.
✅ Bull Market Support Band – Target aligns with the weekly bull support band, which often acts as dynamic resistance.
✅ Risk-Reward Ratio – Around 1:2.5, making this setup favorable.
✅ Structure – Higher low formation suggests bulls are trying to defend this region.
⚠️ Note: If price fails to hold above $4.50 – $4.60, the setup gets invalidated and I’ll cut early. Next major support sits around $4.30 – $4.05.