$API3 Short Trade Signal ..... Rejection from the peak, sharp reversal signals indicate a downward movement 🔻
API3 experienced a rapid rise but failed to maintain above the psychological level of $1.00, forming a clean double top with aggressive rejection wicks.
The current collapse on the 15-minute chart indicates a fading bullish momentum and opens the door for a swift move towards the previous consolidation base. Here, traders take control of the trend to execute a high-risk short trade.
🔴 Short Trade Signal
• Entry Zone: 0.975 – 0.985
• Take Profit:
◦ TP1: 0.920
◦ TP2: 0.870
◦ TP3: 0.830
• Stop Loss: 1.043
📉 Market Outlook:
After a vertical move upwards, API3 is losing momentum near resistance. The lack of bullish follow-through and strong selling volume near $1.00 indicates a traditional top.
If 0.96 is decisively broken, expect a flow to the range of 0.87–0.83.
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