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🚨 $API3/USDT Short trading signal – Strong fall movement! 🚨
Entry price: $1.254
Goal 1: $1.200
Target 2: $1.150
Target 3: $1.100
Stop Loss: $1.400
Why Short Trading?
$API3 is experiencing a significant price drop after a strong upward surge, down 10.43% from its recent peak. The price structure shows peaks and lower lows, confirming a bearish trend. The recent decline in volume indicates weak buying pressure and an increase in selling activity, suggesting that the bears are gaining control. With major resistance ahead at $1.400, $API3 is subject to potential further decline.
What should be monitored?
If $API3 fails to break through $1.300, this could lead to increased selling, pushing the price down towards $1.200 and possibly $1.100. If the price rises again, the main resistance at $1.400 is likely to act as a strong reversal point. Traders should monitor the breakout below $1.240 to confirm the continuation towards the lower targets.
Risk Management Advice:
Adjust the stop-loss levels as soon as the first target is reached to secure profits.
🚀 Trade here on $API3 🚀
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