🔴 $CAP — Short-selling trade (SHORT) 📉
After a strong upward move, signs of a price correction have begun to appear, especially after it was rejected at the 0.1100 area and continued to weaken.
It’s best to watch for a price rebound to resistance areas to seize a selling opportunity.
Entry zones:
Entry 1: 0.1025 – 0.1035
Entry 2: 0.1060 – 0.1080
Entry 3: 0.1100 – 0.1115
Take-profit targets:
TP1: 0.0950
TP2: 0.0882
TP3: 0.0750
🛑 Stop loss (SL): 0.1125
⚠️ Note: The price is still above the key EMA lines, so this short trade goes against the current uptrend. It’s best to wait for a clear and confirmed bearish signal before entering.
After a strong upward move, signs of a price correction have begun to appear, especially after it was rejected at the 0.1100 area and continued to weaken.
It’s best to watch for a price rebound to resistance areas to seize a selling opportunity.
Entry zones:
Entry 1: 0.1025 – 0.1035
Entry 2: 0.1060 – 0.1080
Entry 3: 0.1100 – 0.1115
Take-profit targets:
TP1: 0.0950
TP2: 0.0882
TP3: 0.0750
🛑 Stop loss (SL): 0.1125
⚠️ Note: The price is still above the key EMA lines, so this short trade goes against the current uptrend. It’s best to wait for a clear and confirmed bearish signal before entering.
