Trading Plan Long $CAP
$CAP reclaimed the 1h EMA21, showing initial strength after ranging sideways.
Entry: $0.0381-$0.0396
Stoploss: $0.0366
Targets: $0.0405 / $0.0435 / $0.0480
CAP is setting up for a spring from the EMA21, which has held as support on prior tests. Smart money is likely accumulating here, taking advantage of the sideways 1D action. Taker buy volume is aggressive, pushing price into the upper BB half. Retail might be hesitant, but the funding rate is still neutral. Lose $0.0366, and this accumulation thesis is broken.
Trade $CAP here đ
$CAP reclaimed the 1h EMA21, showing initial strength after ranging sideways.
Entry: $0.0381-$0.0396
Stoploss: $0.0366
Targets: $0.0405 / $0.0435 / $0.0480
CAP is setting up for a spring from the EMA21, which has held as support on prior tests. Smart money is likely accumulating here, taking advantage of the sideways 1D action. Taker buy volume is aggressive, pushing price into the upper BB half. Retail might be hesitant, but the funding rate is still neutral. Lose $0.0366, and this accumulation thesis is broken.
Trade $CAP here đ