$CAP is bleeding out — how low can it go? ‼️
Price is sitting at $0.0700, fighting to hold the $0.0661 low after getting crushed from the $0.1219 peak. The 8H structure is making clean lower highs, and the bounce we see right now is weak.
The key level to watch is $0.0768. As long as price stays below it, the downside prevails.
If bulls reclaim $0.0768: A relief bounce could push back toward the $0.0880 zone but low probability.
If bears break $0.0661: The doors open for a deeper slide toward the $0.0480 base.
My read: Sellers are fully in control. I'm not looking for longs here until price proves it can build a higher low. If $0.0661 cracks, expect a fast drop toward $0.048.
Price is sitting at $0.0700, fighting to hold the $0.0661 low after getting crushed from the $0.1219 peak. The 8H structure is making clean lower highs, and the bounce we see right now is weak.
The key level to watch is $0.0768. As long as price stays below it, the downside prevails.
If bulls reclaim $0.0768: A relief bounce could push back toward the $0.0880 zone but low probability.
If bears break $0.0661: The doors open for a deeper slide toward the $0.0480 base.
My read: Sellers are fully in control. I'm not looking for longs here until price proves it can build a higher low. If $0.0661 cracks, expect a fast drop toward $0.048.