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【$API3 Signal】Overbought Short Squeeze, Place Limit Orders to Buy
$API3 1H RSI skyrocketed to 93.75, price shot above the upper Bollinger Band. Funding rate -1.08% indicates the bears are being crushed, and the short squeeze features are obvious. Wait for a pullback to 0.4744 (recommended upper limit) to go long, stop loss at 0.3196, target 1 at 0.4766, target 2 at 0.4785. The space is extremely narrow, purely riding the volatility, keep positions light.
Current risk-reward ratio is poor, but the short-term contradiction between funding support and abnormal rate makes small-scale trial and error feasible.
Check real-time market 👇 $API3
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