$API3 setup and what’s happening:
Trade Setup (Short):
Entry: 0.4400 – 0.4420
Stop Loss (SL): 0.4472
Take Profit 1 (TP1): 0.4330
Take Profit 2 (TP2): 0.4264
Market Context:
Price is sitting at a critical level.
Higher Timeframe (HTF) bias: Still bearish.
Many traders likely have high-leverage LONG positions below previous support—this could fuel a short-term bounce.
Current price action suggests a potential upside correction, but structure favors a bearish continuation.
Trade Plan:
Enter short within your defined zone.
Keep tight risk management with SL at 0.4472.
Look to take partial profits at TP1 (0.4330) and TP2 (0.4264).
Watch price reaction near support and be ready to adjust if market reverses.
💡 Tip: If $API3 spikes above your entry quickly, be cautious—this could trigger long-liquidations or a short squeeze.
If you want, I can also draw a mini chart with your entries, SL, and TPs to visualize this setup clearly. Do you want me to do that?
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