$API3
– BEARISH REVERSAL ON THE CARDS
Strong rejection at 1.7088 high, followed by heavy selling pressure.
Price broke below 1.60 and is struggling to reclaim momentum.
$API3 is currently trading near 1.5796, but the failure to hold gains after the sharp pump signals weakening demand. If bears maintain control, the next support to watch is 1.52 and deeper downside toward 1.48 is possible. Only a clean breakout above 1.62 would invalidate this bearish setup.
Trade Setup (Short):
Entry: 1.58 – 1.60
Targets (TP): 1.52 / 1.48
Stop Loss (SL): 1.63
Market outlook: Bulls losing steam, sellers preparing for another push down.