🚨 $CAP delivered a sharp momentum spike, surging more than 30% in just one minute. The move appears to be driven largely by market sentiment rather than strong fundamentals.
Despite the rally, the 0.04 area remains a major resistance zone, with plenty of trapped holders that could add significant selling pressure if price retests that level.
📉 I'm watching for a potential rejection and favoring a SHORT setup if weakness confirms.
🎯 Target: 0.025
Trade the confirmation, manage your risk, and don't chase emotional price action.
Despite the rally, the 0.04 area remains a major resistance zone, with plenty of trapped holders that could add significant selling pressure if price retests that level.
📉 I'm watching for a potential rejection and favoring a SHORT setup if weakness confirms.
🎯 Target: 0.025
Trade the confirmation, manage your risk, and don't chase emotional price action.