I’m watching $API3 after a strong impulse move from the base. Price exploded out of consolidation with high volume and is now holding above the breakout zone. The pullback is shallow which tells me buyers are still in control. I’m looking to trade continuation not the top.
Trade setup
Entry Zone: 0.455 – 0.462
Target 1: 0.485
Target 2: 0.510
Target 3: 0.530
Stop Loss: 0.438
Why this setup works
I’m trading a classic breakout and retest. The strong bullish candle shows aggressive demand. Price is consolidating above previous resistance which is now support. Volume expanded on the move and cooled during the pullback which is healthy. As long as price holds above the support zone I’m expecting the next leg up toward previous highs.
API3
0.4516
+11.45%