$API3/USDT 12h (#BinanceFutures) Descending trendline breakout

Application Programming Interface 3 is holding above 50MA support and looks ready for a sharp recovery, let's bid!

Current Price= 5.624
Buy Entry = 5.505 - 5.257
Take Profit= 6.127 | 6.756 | 7.295
Stop Loss= 4.782

Risk/Reward= 1:1.25 | 1:2.3 | 1:3.2
Expected Profit= +27.72% | +51.10% | +71.14%
Possible Loss= -22.26%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1-2 months

Tags: #API3 #API3USDT #API #Oracle #Web3 #PoS #Staking #DAO #Governance #DeFi

Website: api3.org/

Contract:
#ERC20 0x0b38210ea11411557c13457D4dA7dC6ea731B88a

Comment:

Margin Leverage= 2x*

Trade active:

All entries filled

API3 is dipping but hasn't bounced on support yet, let's stick to the plan anyway.

Trade closed: stop reached:

SL hit with -22.26% (2x) and -1R

API3 did not manage to regain 50MA and made a LL, let's take the loss and move on.