$CAP maintained an upward momentum, surging over 2x since its Upbit listing on August 6.
But no chart goes straight up forever. Right now, the buying energy is starting to cool off, and we are watching closely for a potential short setup if momentum fully flips.
What we’re watching before entering:
If price tries to push back toward $0.059 but gets rejected and then closes below $0.053 on the 1H candle, it would signal that sellers have taken control.
Trade Setup Idea (If Confirmed):
- Entry: Breakdown below $0.053 (or on a retest)
TP Targets:
- TP1: $0.0473
- TP2: $0.0400
- TP3: $0.0330
Stop Loss: $0.0605
High-volatility coins like this can spring back up fast. Wait for proper confirmation and always manage your risk!
But no chart goes straight up forever. Right now, the buying energy is starting to cool off, and we are watching closely for a potential short setup if momentum fully flips.
What we’re watching before entering:
If price tries to push back toward $0.059 but gets rejected and then closes below $0.053 on the 1H candle, it would signal that sellers have taken control.
Trade Setup Idea (If Confirmed):
- Entry: Breakdown below $0.053 (or on a retest)
TP Targets:
- TP1: $0.0473
- TP2: $0.0400
- TP3: $0.0330
Stop Loss: $0.0605
High-volatility coins like this can spring back up fast. Wait for proper confirmation and always manage your risk!