API3 Today's Trend Prediction and Short Strategy
I. Review of Yesterday's Market and Background
API3 reached a high of 1.38 yesterday and then fell back, currently priced at 1.23, down about 1.25% compared to yesterday's close. Market sentiment is starting to cool, short-term bullish momentum is exhausted, showing signals of high-level oscillation adjustments.
Technical Indicator Analysis：
MA(7) 0.86, MA(30) 0.89, MA(100) 0.85
The short-term moving average has turned downward, and the price is below the short-cycle moving average, indicating that short-term adjustment pressure remains.
Trading volume: Yesterday's volume increased sharply and then decreased, indicating insufficient short-term bullish continuation and the market entering a consolidation phase.
K-line pattern：
Long upper shadow + bearish candle adjustment, indicating a high pullback trend, suggests that market funds are locking in profits.
Short-term support appears around 1.19, but the rebound strength is weak.
MACD：
The DIF line and DEA line are about to form a death cross, strengthening the bearish signal.
RSI：
The relative strength index RSI has fallen below 70, entering the correction zone; short-term focus should be on the validity of support.
II. API3 Today's Trend Prediction
Comprehensive technical analysis, API3 is likely to trend in one of the following three directions today:
1️⃣ Main trend: Continued downward test of support (probability 70%)
If the key support at 1.19 is broken, bears will further exert pressure, targeting the 1.10-1.12 range.
There may be a brief rebound during the session, but it is expected to be limited by pressure at 1.27-1.28.
2️⃣ Secondary trend: Choose direction after consolidation (probability 20%)
If API3 finds support around 1.19, it may maintain a range oscillation between 1.19-1.28.
However, there is strong resistance above, making it difficult to break through 1.30 in the short term.
3️⃣ Low probability trend: Strong rebound breaking above 1.30 (probability 10%)
Only a significant capital replenishment or a reversal in overall market sentiment can potentially reverse the downward trend and break above 1.30.
III. Short Strategy and Operational Suggestions
1️⃣ Entry point：
Short near 1.26-1.27 (rebounds to this range can be gradually shorted)
If it breaks below 1.19, you can follow the trend to short, targeting 1.10-1.12.
2️⃣ Take-profit level：
First take-profit level: 1.19 (short-term support, appropriate to reduce positions)
Second take-profit level: 1.12 (if it breaks below 1.1950, you can continue to hold)
3️⃣ Stop-loss level：
Stop-loss above 1.29 (breaking this level means a short-term trend reversal, and you need to exit).
