$CAP The Downtrend Is Losing Its Grip
A key support zone is coming into focus as CAP attempts to turn a prolonged decline into a recovery move.
LONG SETUP
Entry Zone: 0.0635 – 0.0699
Stop Loss: 0.0620
TP1: 0.0748 – 0.0760
TP2: 0.0862 – 0.0878
TP3: 0.0974 – 0.0990
Why This Setup?
CAP has been trading inside a descending channel, forming lower highs and lower lows. However, the latest price action shows buyers defending the 0.0635–0.0663 support zone.
The current price of 0.06990 is holding above this demand area, suggesting that a recovery attempt could develop if buyers maintain control.
The first major resistance sits between 0.0748 and 0.0760. A confirmed breakout above this zone could open the door toward 0.0862–0.0878.
If momentum continues to strengthen, the upper resistance zone at 0.0974–0.0990 becomes the next potential target.
Confirmation Trigger: A strong 1H candle close above 0.0760, supported by increasing volume.
Invalidation: A breakdown below 0.0635 would weaken the bullish structure.
The setup remains conditional on support holding and resistance breaking. Manage risk carefully and avoid chasing an unconfirmed breakout.
A key support zone is coming into focus as CAP attempts to turn a prolonged decline into a recovery move.
LONG SETUP
Entry Zone: 0.0635 – 0.0699
Stop Loss: 0.0620
TP1: 0.0748 – 0.0760
TP2: 0.0862 – 0.0878
TP3: 0.0974 – 0.0990
Why This Setup?
CAP has been trading inside a descending channel, forming lower highs and lower lows. However, the latest price action shows buyers defending the 0.0635–0.0663 support zone.
The current price of 0.06990 is holding above this demand area, suggesting that a recovery attempt could develop if buyers maintain control.
The first major resistance sits between 0.0748 and 0.0760. A confirmed breakout above this zone could open the door toward 0.0862–0.0878.
If momentum continues to strengthen, the upper resistance zone at 0.0974–0.0990 becomes the next potential target.
Confirmation Trigger: A strong 1H candle close above 0.0760, supported by increasing volume.
Invalidation: A breakdown below 0.0635 would weaken the bullish structure.
The setup remains conditional on support holding and resistance breaking. Manage risk carefully and avoid chasing an unconfirmed breakout.
