๐จ $CAP
Setting up a short trade (SHORT) ... Is a major correction approaching?
After a strong rally of over 34%, $CAP is approaching an important resistance zone around $0.1005, where selling pressure may begin to emerge.
Although positive momentum continues to favor buyers, such an extended rally could increase the likelihood of a price correction, especially if the price fails to break through the current resistance.
๐ Short trade setup (SHORT):
Entry price: $0.09377
First target: $0.09150
Second target: $0.08750
Third target: $0.08300
Final target: $0.07800
Stop loss: $0.11500
๐ Expected scenario:
A rejection from the $0.1005 resistance could lead to a downward correction toward $0.0940 and then $0.0875, with a possible further decline toward $0.0830 and $0.0780.
However, a strong breakout and sustained hold above $0.1005 could weaken the short scenario and signal that the uptrend is continuing.
โ Has the CAP rally come to an end, or are buyers preparing for another breakout?
โ ๏ธ Stick to your stop loss, avoid excessive leverage, and don't risk all your capital. Technical levels are possibilities, not guarantees.
Setting up a short trade (SHORT) ... Is a major correction approaching?
After a strong rally of over 34%, $CAP is approaching an important resistance zone around $0.1005, where selling pressure may begin to emerge.
Although positive momentum continues to favor buyers, such an extended rally could increase the likelihood of a price correction, especially if the price fails to break through the current resistance.
๐ Short trade setup (SHORT):
Entry price: $0.09377
First target: $0.09150
Second target: $0.08750
Third target: $0.08300
Final target: $0.07800
Stop loss: $0.11500
๐ Expected scenario:
A rejection from the $0.1005 resistance could lead to a downward correction toward $0.0940 and then $0.0875, with a possible further decline toward $0.0830 and $0.0780.
However, a strong breakout and sustained hold above $0.1005 could weaken the short scenario and signal that the uptrend is continuing.
โ Has the CAP rally come to an end, or are buyers preparing for another breakout?
โ ๏ธ Stick to your stop loss, avoid excessive leverage, and don't risk all your capital. Technical levels are possibilities, not guarantees.