API3/USDT Swing Trade Setup 🚀
API3/USDT is showing bullish momentum after a successful breakout from a key resistance zone, now acting as support. Here's a detailed swing trade setup for your trading strategy:
Entry Zone: $2.30 (current price or slight pullback to this zone).
Stop Loss (SL): Below $1.97 (ensure risk protection).
Target 1: $2.60
Target 2: $3.00
Target 2: $3.50
Key Observations:
1. Breakout Strength: Price has broken a strong resistance zone with a retest, indicating a bullish continuation.
2. Volume Confirmation: Breakout accompanied by increased volume, confirming buyer interest.
3. EMA Support: The 25 EMA is acting as dynamic support, aligning with the uptrend.
$API3