$CAP 1H — Short Setup 📉
Bias: Bearish
Entry: 0.0575 – 0.0595
SL: 0.0638
TP1: 0.0535
TP2: 0.0509
TP3: 0.0475
Price had a solid run to 0.07898, but the rejection was pretty clean and sellers have taken control again.
The 1H Supertrend is still bearish, while 0.0680 remains the key resistance to watch.
I’d rather wait for a bounce into the entry zone than chase the current move. If 0.0638 gets reclaimed and holds, the short setup is invalid.
Clean setup, but volatility is high. Manage risk accordingly.
#cap
Bias: Bearish
Entry: 0.0575 – 0.0595
SL: 0.0638
TP1: 0.0535
TP2: 0.0509
TP3: 0.0475
Price had a solid run to 0.07898, but the rejection was pretty clean and sellers have taken control again.
The 1H Supertrend is still bearish, while 0.0680 remains the key resistance to watch.
I’d rather wait for a bounce into the entry zone than chase the current move. If 0.0638 gets reclaimed and holds, the short setup is invalid.
Clean setup, but volatility is high. Manage risk accordingly.
#cap