🚨$API3 Shorting this on Breakdown! 📉
$API3 is at $1.5181, still up by a massive 75.36% after its huge pump. The price has been consolidating sideways after failing to break above its 24h high of $1.7698. A potential short trade could be triggered if this consolidation range breaks down.
Key Observation:
⚠️ Price is consolidating after a massive pump. A breakdown from this range would confirm a short-term bearish reversal.
Short Trade Scenario:
⬇️ We can short this if the price fails to hold the current consolidation support.
Entry Zone for Short:
⬇️ $1.50 - $1.45 (A break below the current range)
Potential Bearish Targets:
🎯 Short-term: $1.400 - $1.350
🎯 Mid-term: $1.300 - $1.250
Invalidation (Stop Loss):
⬆️ A move and close above $1.580 would likely invalidate the short trade. The ultimate
invalidation is the 24h high of $1.7698.
URGENT CAUTION: This token is extremely volatile. Always manage your risk and wait for confirmation of a breakdown before entering the trade. #API3 #TradingSignals