API3/USDT It shows a bouncing, indicating reversal bullish!

💎 Paradisers, #API3 is indeed a coin worth monitoring closely.

💎 The chart appears to be bouncing from the support area, potentially forming a bullish candlestick pattern known as "three white soldiers."

💎 If the daily close confirms with a green candle, this pattern could signal a continuation of the upward movement toward the resistance level at 2.744.

💎 API3 has faced rejection twice at the 2.74 resistance level before. If the price successfully breaks above this resistance level on this attempt, it could trigger a bullish momentum.

💎 Potentially leading to further upward movement toward the descending resistance line. Breaking this pattern could pave the way for reaching our target level.

💎 However, if API3 fails once again to break above the resistance, it may form a triple-top pattern, which is considered bearish.

💎 In this scenario, the price could be rejected and retreat towards the support area or even to the Bullish Order Block (OB) area. This could lead to a significant accumulation of orders and a potential strong bounce to retest the 2.74 resistance level.

💎 The bullish invalidation scenario would occur if API3 fails to bounce from the OB area and the daily candle closes below it. Such a move could confirm bearish sentiment and potentially lead to further downward movement.

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