$CAP is up +37% and everyone's piling in late. I'm looking the other way 👇
A 48% surge in 3 days put it up 37% on the day, so I took a closer look at the structure.
Look at what happened around 0.09726: CAP got through by just 2.0%, tagged 0.09921 and fell back. Everyone who bought that breakout is sitting on a loss now.
Next stop for me is 0.08936. Nobody's touched it $CAP since the pullback (26% of the leg), so it's the obvious magnet. A move above 0.09921 proves me wrong.
📌 My CAP trade: short from 0.09809, stop at 0.10245, target 0.08936 (+8.9%, 1:2)
📊 24h Vol: $72.3M | 24h Chg: +37.4% | Funding: +0.0339%
Would you take this trade or sit it out? 👇
Follow for daily chart breakdowns 🔔
Not financial advice. Manage your risk.
#CAP #Analysis #Trading
A 48% surge in 3 days put it up 37% on the day, so I took a closer look at the structure.
Look at what happened around 0.09726: CAP got through by just 2.0%, tagged 0.09921 and fell back. Everyone who bought that breakout is sitting on a loss now.
Next stop for me is 0.08936. Nobody's touched it $CAP since the pullback (26% of the leg), so it's the obvious magnet. A move above 0.09921 proves me wrong.
📌 My CAP trade: short from 0.09809, stop at 0.10245, target 0.08936 (+8.9%, 1:2)
📊 24h Vol: $72.3M | 24h Chg: +37.4% | Funding: +0.0339%
Would you take this trade or sit it out? 👇
Follow for daily chart breakdowns 🔔
Not financial advice. Manage your risk.
#CAP #Analysis #Trading