API3/USDT Process Downward to the support area. Could Bounce ??

💎 API3's market dynamics have been garnering a lot of attention lately. At the moment, API3 is navigating a downward trajectory toward a key support area, entering what appears to be a retesting phase following a Bullish Trap scenario.

💎 The upcoming period is critical; if API3 successfully bounces off this support level, it could mark the start of an upward movement, potentially leading to an attempt to break through the resistance pattern.

💎 A successful breach of this resistance probability could pave the way for API3 to reach its target in the strong resistance area.

💎 Conversely, if API3 fails to demonstrate a bounce during this retesting phase at the support level, it may signal a worrying shift. Such a failure to hold the support could indicate a reversal to a bearish trend, pushing API3 towards a lower, more robust support area.

💎 This scenario would be crucial, as a failure to maintain above this stronger support could lead to further downward momentum.

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Boom! #API3 is doing just what we said. Up 117.57% and looking good!