$CAP - watching the LONG side (x10)
Quick lesson from $CAP on reading two trends together
Setup:
Entry: 0.108–0.109
TP1: 0.114
TP2: 0.12
TP3: 0.125
SL: 0.103
Wide stop here, 5.0% away. Sized so that loss stays boring, or not at all.
LONG vs SHORT: 80 vs 5, LONG favored
🟢 Long (5/7): 4H trend up, 1H confirms, 30m above EMAs
🔴 Short (1/7): crowded longs
Why wait: price already ran, no chasing + BTC leaning against it
Flip: a close below 0.103 kills the long idea
This one is still forming, since both the 4-hour and 1-hour trend lean up with price above its main EMAs.
Ever had a wide 5.0% stop give a trade room to breathe?