Short Trade Setup on $API3 /USDT
API3 has shown a sharp recovery from lower levels but is now facing selling pressure near resistance, making it vulnerable to a short opportunity. The 15m chart reflects rejection wicks around the upper range, signaling weakness and potential downside continuation if selling volume increases.
Entry: 1.5210
Target 1: 1.4800
Target 2: 1.4500
Target 3: 1.4295
Stop-Loss: 1.5565
Risk Management: Use 3–5% of portfolio allocation. After T1 is achieved, shift stop-loss closer to entry to secure profits.
Pro Tip: Watch for strong rejection candles near resistance zones; sustained weakness could accelerate the downside momentum.
