$CAP is having an interesting session right now. Price is trading around $0.09773, up approximately 23.33%, and the 15-minute chart shows a strong upward move from the $0.07251 area. What caught my atention is the rising trendline. Buyers have been defending this upward structure, and price has managed to recover after a sharp rejection from the recent highs.
But let's not get too excited just yet.
The major resistance is sitting around $0.10016. Price has already tested this region, but it hasn't established a clean breakout above it. That's the level I'm watching closely. On the downside, $0.09357 is the first important support area. If price loses that level, the next zones to watch are $0.08674 and $0.07996. There is also a deeper level around $0.07374, close to the previous swing-low region.
My thinking is simple: CAP still has positive short-term momentum, but after a move of more than 23%, some cooling off wouldn't be surprising.
Personally, I wouldn't want to chase a green candle near resistance. I'd rather watch how price reacts at support and whether buyers can defend the rising structure.
DCA strategy: Instead of entering the entire position at once, a staggered aproach around the marked support levels could help manage entry risk. These are observation levels, not guaranteed bounce zones.
If $0.10016 gets broken and holds on a retest, that would make the bullish structure more interesting. Until then, resistance is still resistance. Let's see whether buyers can push through that $0.10 area or whether the market decides to take a breather first.
DCA 1: $0.08674
DCA 2: $0.07996
DCA 3: $0.07374
Trading Setup – CAP/USDT 🔴
Entry: $0.09773 – $0.10000
TP1: $0.09357
TP2: $0.08674
TP3: $0.07996
TP4: $0.07374
Stop Loss: $0.10050
Remember, these DCA levels are potential support zones, not automatic buy signals. A breakdown can always extend further, so position sizing and risk management matter.
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