The $API3 price action last night saw an initial surge of nearly 10%, followed by a rapid decline. This entire price movement clearly revealed the intentions of the major players.
Smart Money data provides an even clearer picture:
Average cost for short positions: around 0.65 (most are in profit)
Average cost for long positions: around 0.80 (almost all are trapped)
Under this structure, one logic is inevitable:
The major players will never allow long positions to easily break even.
And last night's price action confirmed this:
The price surged to lure in more buyers before continuing to fall. #TrumpCancelsAgriculturalTariffs