๐จ $API3 LONG SETUP โ SHORTS LOOK CROWDED! ๐จ
One of you asked me to check $API3 , so I went through the chart carefully ๐
API3 already had a strong run, swept the highs around 0.395, and then corrected back toward the key 0.30 demand zone.
What caught my attention? ๐
๐ป Funding is extremely negative โ shorts are getting crowded
๐ Open Interest dropped heavily โ a lot of leverage has already been flushed
Because of this, I wouldnโt chase a SHORT after the dump. Instead, Iโm watching for a possible LONG squeeze setup.
๐ข Long Entry: 0.300 โ 0.306
๐ฏ Targets:
TP1: 0.326
TP2: 0.344
TP3: 0.360
๐๐๐๐๐๐๐๐๐๐
ENTER NOW๐ธ๐ฅ๐ธ๐ฅ๐ธ
๐๐๐๐๐๐๐๐๐๐
๐ Invalidation: Strong 4H close below 0.295
โ ๏ธ I would NOT chase at the current price. The better setup is if API3 returns to the entry zone and holds it.
If shorts remain this crowded, one strong bounce could punish them very quickly. ๐ฅ
Always DYOR and manage your risk.
One of you asked me to check $API3 , so I went through the chart carefully ๐
API3 already had a strong run, swept the highs around 0.395, and then corrected back toward the key 0.30 demand zone.
What caught my attention? ๐
๐ป Funding is extremely negative โ shorts are getting crowded
๐ Open Interest dropped heavily โ a lot of leverage has already been flushed
Because of this, I wouldnโt chase a SHORT after the dump. Instead, Iโm watching for a possible LONG squeeze setup.
๐ข Long Entry: 0.300 โ 0.306
๐ฏ Targets:
TP1: 0.326
TP2: 0.344
TP3: 0.360
๐๐๐๐๐๐๐๐๐๐
ENTER NOW๐ธ๐ฅ๐ธ๐ฅ๐ธ
๐๐๐๐๐๐๐๐๐๐
๐ Invalidation: Strong 4H close below 0.295
โ ๏ธ I would NOT chase at the current price. The better setup is if API3 returns to the entry zone and holds it.
If shorts remain this crowded, one strong bounce could punish them very quickly. ๐ฅ
Always DYOR and manage your risk.