$API3 /USDT-Bullish breakout underway. API3 surged over 100% following an Upbit listing, signaling strong short-term momentum. The move is backed by a confirmed retest of prior resistance-turned-support around $0.74–$0.75.
Support / Resistance:
Support: $0.74–$0.75 (recent retest zone)
Resistance: Near $1.30–$1.35, identified as the next clear upside barrier.
Fibonacci Levels
Retracement Status: API3 has broken above the 61.8% Fibonacci retracement ($0.79), marking a key bullish shift.
Price Zones:
Support: $0.79 (61.8% retracement level)
Potential upside targets: 127.2% Fibonacci extension at ~$1.13
RSI
Value: RSI (7-day) is around 72, crossing into overbought territory.
Interpretation: This marks strong bullish momentum, though short-term fatigue or a pullback is possible historically, API3 sees 15–20% pullbacks after RSI-7 exceeds 75.
Entry Zones
Safer: Around $0.75–$0.80, just above the retested support zone and below resistance low-volatility area for conservative entries.
Aggressive: $0.70–$0.75, near the breakout base higher risk but better reward potential if pricing rebounds.
Take-Profit Zones
TP1: $1.13, aligned with the 127.2% Fibonacci extension and near-term resistance.
TP2: $1.30–$1.35, aligned with macro resistance zone from analyst projections.
Stop-Loss Ideas
Conservative: Below the breakout retest zone—around $0.74 to guard against breakdown.
Tight: $0.79—just beneath the Fibonacci breakout level, suitable for disciplined short-term trade.
Fibonacci 61.8% retrace at ~$0.79; Extension target ~$1.13
RSI ~72 (overbought, caution on short-term)
Entry Zones Safer: $0.75–$0.80 | Aggressive: $0.70–$0.75
Take-Profits TP1: $1.13 | TP2: $1.30–$1.35
Stop-Loss Conservative: $0.74 | Tight: $0.79
