📈 Bullish Trade Setup: API3/USDT (4H)
Chart Pattern & Context:
The pair has recently experienced a strong bullish impulse, followed by a period of consolidation with higher lows and controlled pullbacks — classic signs of bullish accumulation after a breakout. This structure resembles a Bullish Flag/Pennant pattern, suggesting potential continuation of the upward move.$API3
Key Highlights:
🔹 Strong Breakout Candle on August 19th, signaling significant buying pressure and interest.
🔹 Healthy Pullback & Consolidation post-breakout, forming a tight range without major retracement.$API3
🔹 Series of Higher Lows indicate sustained bullish momentum.
🔹 Current candle is pushing resistance, with increasing volume — a potential breakout trigger.
Entry Idea:
📍 Entry: $1.60+ (confirmed breakout above consolidation range)
🎯 Target 1: $1.75 (recent wick high)
🎯 Target 2: $1.92 (measured move based on flagpole height)
🛡️ Stop Loss: Below $1.48 (last swing low/support level)
Risk-Reward Ratio: ~1:2.5, offering a favorable setup for short-term swing or breakout traders.
Summary:
The current price action on API3/USDT shows a classic bullish continuation setup. The consolidation after the impulse move strengthens the base for a potential rally. Traders looking for momentum-based entries may consider this breakout with well-defined risk management.