$API3 – SHARP SPIKE FADES, BEARS STEP IN AFTER PARABOLIC RUN
$API3 exploded from $0.826 to a high of $1.861, but momentum quickly faded as sellers took control, dragging price back to $1.53. The rejection at the top signals exhaustion after the massive rally, with red candles confirming selling pressure. If bulls fail to defend the $1.45 zone, further downside could extend toward $1.23 support.
🔻 Short Trade Setup
Entry: $1.52 – $1.56
Target 1: $1.45
Target 2: $1.23
Stop Loss: Above $1.87
After such a vertical move, retracement risk is high. Unless API3 reclaims $1.70+, the bias remains bearish in the short term.