$API3 /USDT-Bullish Continuation

Current Price: $0.838

Intraday Range: $0.748 – $0.895

Support Levels: $0.75, $0.70

Resistance Levels: $0.90, $1.00

API3 has demonstrated a strong bullish trend, breaking above the $0.75 resistance level and reaching an intraday high of $0.895. The recent surge indicates a continuation of the upward momentum, with potential for further gains if the current support holds.

🔢 Fibonacci Levels

Retracement Status: Breakout above key levels

Key Levels:

0.236: $0.90

0.382: $1.00

0.618: $1.20

The recent price action suggests a breakout above the 0.236 Fibonacci retracement level at $0.90. A successful move above this level could lead to a retest of the 0.382 level at $1.00, with further potential toward the 0.618 level at $1.20.

📊 RSI (Relative Strength Index)

Current Value: 65

Interpretation: Approaching overbought territory

An RSI of 65 indicates that API3 is approaching overbought conditions. While this suggests strong bullish momentum, traders should be cautious of potential pullbacks or consolidation phases.

🎯 Entry Zones

Safer Entry: $0.75 (near support)

Aggressive Entry: $0.85 (anticipating breakout continuation)

Entering near the $0.75 support level offers a safer risk-reward ratio, while an aggressive entry at $0.85 targets a potential continuation of the breakout above resistance.

💰 Take-Profit Zones

TP1: $0.90 (0.236 Fibonacci level)

TP2: $1.00 (0.382 Fibonacci level)

Setting take-profit levels at these Fibonacci retracement points aligns with potential resistance zones, allowing for profit-taking at strategic levels.

🛡️ Stop-Loss Ideas

Conservative: $0.70 (below major support)

Tight: $0.75 (just below recent support)

Implementing stop-loss orders at these levels helps manage risk in a bullish market.