🛑$API3
BEARISH SETUP: DOWNSIDE PRESSURE LIKELY
$API3 is showing early signs of bearish reversal after failing to sustain above the 0.480 resistance zone. Short-term charts indicate lower highs forming, signaling weakening bullish momentum. A breakdown below the current support around 0.465 could trigger further downside toward key support levels.
Entry: Consider entering a short position on a confirmed break below 0.465 for higher probability trade.
Targets:
TP1: 0.440 — immediate support
TP2: 0.420 — mid-term support
TP3: 0.400 — strong historical support
Stop Loss: 0.480 — above recent swing high to avoid false breakout
Key Levels:
Resistance: 0.465, 0.480, 0.530
Support: 0.440, 0.420, 0.400, 0.380
Pivot Zone: 0.465
Risk Management: Risk 1–2% of capital per trade and adjust position size according to stop distance.