$API3 After a massive surge, it is currently undergoing narrow consolidation above the key breakthrough level, which is a typical sign of healthy cooling and liquidity reconstruction, rather than a top sell-off.
🎯 Direction: Long
🎯 Entry: 0.332 - 0.334
🛑 Stop Loss: 0.325 (rigid stop loss, below the previous breakout candle low)
🚀 Target 1: 0.379
🚀 Target 2: 0.405
The 4H chart shows a massive bullish candle (volume increased over 100 times) strongly breaking through the previous consolidation range, and subsequently, the candle body closes above the breakout level (~0.314). The current candle is experiencing extremely low volume narrow consolidation, indicating exhaustion of selling pressure, and buying pressure is absorbing floating chips. The funding rate is significantly negative (-0.3536%), indicating the potential for a continued short squeeze. The order depth shows concentrated buying support at 0.333-0.334. The price holds above the upper boundary of the breakout range, with minimal resistance on the upward path.
Trade here 👇$API3
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