Trade setup for $API3/USDT looks well-structured and is showing good technical logic. Here's a quick breakdown and analysis for clarity:
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🔍 Trade Recap
Current Price: $0.722 (+5.09%)
Entry Zone: $0.715 – $0.725
✅ You’re suggesting entering near current levels, right at the support of the prior high ($0.735), which makes sense if it holds as new support.
📈 Technical Structure
Support: $0.674
A recent low and consolidation zone—reasonable for your stop-loss placement.
Resistance: $0.735
Minor resistance; break and close above this could bring momentum.
🎯 Target Levels
TP1: $0.750 – A modest push above resistance.
TP2: $0.785 – Testing prior wick highs.
TP3: $0.820 – Likely extension if bullish momentum accelerates.
❗️Risk Management
Stop Loss: $0.697
Well-placed just below support; gives enough room for normal volatility without over-risking.
Risk-Reward: Solid, especially if it reaches TP2 or higher (2.5R+ potential).
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🔔 What to Watch
Hourly Close Above $0.735
This is key. A strong close here with rising volume could confirm a breakout.
Volume Spike Confirmation
Validates genuine buying pressure—not just a fakeout.
Infra Narrative
If infra/Oracle coins (like LINK, BAND, etc.) move, API3 could ride the momentum.
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✅ Final Thoughts
This setup favors trend continuation after a clean pullback. A breakout above $0.735 could be a strong trigger for upside. Just manage risk tightly around your stop-loss, especially if Bitcoin shows volatility.
