🚨 $CAP MACRO SHORT SETUP — DAILY REJECTION IN FOCUS. 👀
$CAP is up around 12% on the day, but the daily chart is showing a notable rejection near the $0.12877 high.
We're watching whether momentum continues to fade and price starts forming a move toward the lower support zones. The rejection alone doesn't confirm a reversal, so follow-through matters.
Levels to watch:
Entry Zone: $0.11184–$0.11584
TP1: $0.10181
TP2: $0.08907
TP3: $0.06183
Invalidation: $0.13667
The key is whether sellers maintain control below resistance. A move back above $0.13667 would invalidate this bearish scenario. 🫡
$CAP is up around 12% on the day, but the daily chart is showing a notable rejection near the $0.12877 high.
We're watching whether momentum continues to fade and price starts forming a move toward the lower support zones. The rejection alone doesn't confirm a reversal, so follow-through matters.
Levels to watch:
Entry Zone: $0.11184–$0.11584
TP1: $0.10181
TP2: $0.08907
TP3: $0.06183
Invalidation: $0.13667
The key is whether sellers maintain control below resistance. A move back above $0.13667 would invalidate this bearish scenario. 🫡
