API3 bouncing — potential spot buy or swing short setup?
API3 is currently trading at $0.841, up +7% in the last 24h. After a sharp drop, the price is trying to recover, testing short-term EMAs and holding above the $0.80 zone.
Technical Overview (1D):
EMA(7): $0.852 — immediate resistance
EMA(25): $0.833 — retested and may act as short-term support
EMA(99): $0.922 — macro resistance
RSI(6): 47.20 — neutral, with room to go either way
Volume: picking up slightly — early signs of renewed interest
Scenarios to watch:
Spot entry: aggressive buyers may consider entries between $0.82–$0.84, stop below $0.80, target at $0.90–$0.95
Swing short: if EMA(7) is rejected with weak candle, short setup could aim for $0.78
My personal take:
API3 is at a critical decision zone. Today’s bounce is encouraging, but macro remains corrective.
I would only long spot on a strong break above EMA(7) with volume. Otherwise, a short with tight risk management looks technically valid.
What about you — bullish bounce or short setup?
