$API3 completed a typical high-volume surge in the 4-hour level, followed by a series of bearish candles, indicating that the main force is distributing. The price has fallen below the midpoint of the high-volume candlestick, and the Taker sell orders dominate, with funding rates remaining negative, signaling the establishment of a bearish structure.
🎯 Direction: Short
🎯 Entry: 0.332 - 0.335
🛑 Stop Loss: 0.345 (hard stop)
🚀 Target 1: 0.315
🚀 Target 2: 0.303
Hardcore Logic: The 4H chart shows a massive bullish candle (volume increased 100 times) rising to 0.405 after which three consecutive candles fail to hold above 0.35, and the closing price gradually lowers. The open interest remains stable rather than declining, combined with negative funding rates and Taker sell orders, indicating this is not a healthy correction but a resonance of profit-taking by bulls and position building by bears. Sell orders are accumulating above 0.333, with weak buying. The price has broken below the key support level of 0.336 (50% retracement of the massive candlestick), with the next target looking at previous lows and the liquidity area below the order book.
Trade here 👇
$API3 ---
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