$CAP Another wild coin has appeared and is about to break out—bears, get ready!!!
A sharp wick at noon shook out both bulls and bears. After the price plunged, buyers quickly stepped in, and a short-term rebound followed.
On-chain data shows that the major long positions are about five times the size of short positions, with 93% of positions in profit. Bulls have the upper hand, but such a high proportion of profitable positions also means the risk of profit-taking should not be ignored.
Technically, the price is gradually approaching the previous high and resistance level at 0.106, where selling pressure deserves close attention. If the rebound is rejected in this area, consider opening a small short position. Wait for confirmation before positioning, and be sure to manage position size and set a stop-loss.
Hao recommends opening short positions if the price rebounds to around 0.104–0.110. Need an entry alert? 👇👇
#CAP
A sharp wick at noon shook out both bulls and bears. After the price plunged, buyers quickly stepped in, and a short-term rebound followed.
On-chain data shows that the major long positions are about five times the size of short positions, with 93% of positions in profit. Bulls have the upper hand, but such a high proportion of profitable positions also means the risk of profit-taking should not be ignored.
Technically, the price is gradually approaching the previous high and resistance level at 0.106, where selling pressure deserves close attention. If the rebound is rejected in this area, consider opening a small short position. Wait for confirmation before positioning, and be sure to manage position size and set a stop-loss.
Hao recommends opening short positions if the price rebounds to around 0.104–0.110. Need an entry alert? 👇👇
#CAP