$CAP I’m watching 0.04877 as the key confirmation level.
Key levels:
• 0.04709–0.04623 — a potential pullback/retrace zone
• 0.04877 — breakout confirmation
• 0.05126 — first major target
• 0.05228 — extended target
• 0.04501 — invalidation of the upward move
There are two setups that catch my attention:
1️⃣ Breakout: a strong close above 0.04877 with rising volume could open the path toward 0.05126 → 0.05228.
2️⃣ Retracement: if the price drops to 0.04709–0.04623, quickly reclaims the zone, and prints a bullish engulfing candle or a pin bar on 1M/5M, then a bounce toward 0.04877 → 0.05126 becomes interesting.
If $CAP 0.04501 is lost with a decisive close, the bullish thesis is invalidated and the probability of further downside increases.
⚠️ Don’t chase the +5.2% candle. Let the breakout or the retest confirm that buyers are already in control.
Key levels:
• 0.04709–0.04623 — a potential pullback/retrace zone
• 0.04877 — breakout confirmation
• 0.05126 — first major target
• 0.05228 — extended target
• 0.04501 — invalidation of the upward move
There are two setups that catch my attention:
1️⃣ Breakout: a strong close above 0.04877 with rising volume could open the path toward 0.05126 → 0.05228.
2️⃣ Retracement: if the price drops to 0.04709–0.04623, quickly reclaims the zone, and prints a bullish engulfing candle or a pin bar on 1M/5M, then a bounce toward 0.04877 → 0.05126 becomes interesting.
If $CAP 0.04501 is lost with a decisive close, the bullish thesis is invalidated and the probability of further downside increases.
⚠️ Don’t chase the +5.2% candle. Let the breakout or the retest confirm that buyers are already in control.