API3/USDT Back test on demand, Indicating Continue the upward!
💎API3 has recently exhibited significant market dynamics. Currently, API3 is potentially undergoing a backtest on the demand area, which was previously the key supply area.
💎 If API3 manages to bounce at this demand zone, there's a probability of continuing its upward trajectory and reaching our target area.
💎 However, if API3 fails to bounce and instead consolidates in this region, it could be interpreted as a bearish sign, indicating a potential breakdown. In such a scenario, API3 may face further downside pressure, with the next significant level of support being at the support area.
💎 Upon reaching the support area, API3 must bounce and reclaim the price above the demand zone if it intends to resume its upward movement toward the strong resistance level. Failure to do so could confirm a shift to a bearish trend, resulting in continued downward movement, potentially pushing the price further down.
💎 If API3 manages to bounce at this demand zone, there's a probability of continuing its upward trajectory and reaching our target area.
💎 However, if API3 fails to bounce and instead consolidates in this region, it could be interpreted as a bearish sign, indicating a potential breakdown. In such a scenario, API3 may face further downside pressure, with the next significant level of support being at the support area.
💎 Upon reaching the support area, API3 must bounce and reclaim the price above the demand zone if it intends to resume its upward movement toward the strong resistance level. Failure to do so could confirm a shift to a bearish trend, resulting in continued downward movement, potentially pushing the price further down.
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