CAP -14.2% today, moving with BR and T. DeFi is falling as a group and funding shows shorts are crowded.
CAP trades at $0.0570. Open interest fell 19% and volume ran 2.6x its weekly average, with funding at -0.100% per 8h. Seven of today's top movers are in DeFi. Small-cap: moves fast, both ways. No news matches this move.
Falling open interest with crowded short funding looks like capitulation, not fresh buying. If selling outpaces that OI drop, expect more downside. If shorts get squeezed, a bounce is possible.
What would make this wrong: If funding flips positive and volume fades with no bounce, this was a one-day flush, not a trend.
Did you catch DeFi's drop today or was CAP off your radar?
The sizing images: a $10,000 demo account at 1% risk, long and short with the same stop, one typical daily move away. Both sides, because this is not a call.
And two alerts on the demo account, one above today's high and one below today's low, instead of guessing which way it breaks.
Not advice.
Size a trade on CAP before you take one: creviacockpit.com/n/24499
Follow for the levels that matter, every day.
$CAP
#TradingPsychology #Crypto #CreviaCockpit | creviacockpit.com/lessons?s=square
CAP trades at $0.0570. Open interest fell 19% and volume ran 2.6x its weekly average, with funding at -0.100% per 8h. Seven of today's top movers are in DeFi. Small-cap: moves fast, both ways. No news matches this move.
Falling open interest with crowded short funding looks like capitulation, not fresh buying. If selling outpaces that OI drop, expect more downside. If shorts get squeezed, a bounce is possible.
What would make this wrong: If funding flips positive and volume fades with no bounce, this was a one-day flush, not a trend.
Did you catch DeFi's drop today or was CAP off your radar?
The sizing images: a $10,000 demo account at 1% risk, long and short with the same stop, one typical daily move away. Both sides, because this is not a call.
And two alerts on the demo account, one above today's high and one below today's low, instead of guessing which way it breaks.
Not advice.
Size a trade on CAP before you take one: creviacockpit.com/n/24499
Follow for the levels that matter, every day.
$CAP
#TradingPsychology #Crypto #CreviaCockpit | creviacockpit.com/lessons?s=square
