One of you asked me to check $API3 3 , so here’s my view after through Analysis 👇
#API3 is actually getting interesting here.
Price already had a strong run, swept the highs near 0.395, and then corrected back toward a key 0.30 demand area.
What caught my attention is this:
Funding has turned extremely negative, which means shorts are getting crowded, while Open Interest has also dropped heavily during the correction.
That usually tells me a lot of leverage has already been flushed out.
So instead of chasing a SHORT after the dump, I’m watching this area for a possible LONG squeeze setup.
My zone for long entry: 0.300–0.306
Targets:
0.326
0.344
0.360
Invalidation: Strong 4H close below 0.295
I would not chase it at current price. The better trade is only if API3 comes back into the zone and holds it
Right now, shorts look crowded enough that one strong bounce could punish them very quickly.
Open perpetual Chart here and Mark your zone 👇
#API3 is actually getting interesting here.
Price already had a strong run, swept the highs near 0.395, and then corrected back toward a key 0.30 demand area.
What caught my attention is this:
Funding has turned extremely negative, which means shorts are getting crowded, while Open Interest has also dropped heavily during the correction.
That usually tells me a lot of leverage has already been flushed out.
So instead of chasing a SHORT after the dump, I’m watching this area for a possible LONG squeeze setup.
My zone for long entry: 0.300–0.306
Targets:
0.326
0.344
0.360
Invalidation: Strong 4H close below 0.295
I would not chase it at current price. The better trade is only if API3 comes back into the zone and holds it
Right now, shorts look crowded enough that one strong bounce could punish them very quickly.
Open perpetual Chart here and Mark your zone 👇