CAP is holding the breakout zone well, and the daily structure has shifted nicely in buyers’ favor.
$CAP is trading around $0.0735, up strongly from the $0.0370 low. The daily Supertrend has flipped bullish at $0.0515, while price continues to hold comfortably above it.
What I like here is the recovery structure. After breaking out of the previous range, CAP pulled back and buyers stepped in again instead of letting price lose the move.
My map:
Current: $0.0735
Support: $0.0680–$0.0700
Major support: $0.0600–$0.0630
Resistance: $0.0740–$0.0750
Target 1: $0.0800
Target 2: $0.0888
Target 3: $0.0950+
The level I’m watching is $0.0750.
A clean daily break above this area would put the previous $0.08885 high back in play.
One thing to keep in mind: the order book currently shows heavier sell-side liquidity, so I’d rather see price absorb that supply than chase the move.
Hold $0.068–$0.070 and reclaim $0.075, and the setup gets considerably cleaner.
#Write2Earn #CAP
$CAP is trading around $0.0735, up strongly from the $0.0370 low. The daily Supertrend has flipped bullish at $0.0515, while price continues to hold comfortably above it.
What I like here is the recovery structure. After breaking out of the previous range, CAP pulled back and buyers stepped in again instead of letting price lose the move.
My map:
Current: $0.0735
Support: $0.0680–$0.0700
Major support: $0.0600–$0.0630
Resistance: $0.0740–$0.0750
Target 1: $0.0800
Target 2: $0.0888
Target 3: $0.0950+
The level I’m watching is $0.0750.
A clean daily break above this area would put the previous $0.08885 high back in play.
One thing to keep in mind: the order book currently shows heavier sell-side liquidity, so I’d rather see price absorb that supply than chase the move.
Hold $0.068–$0.070 and reclaim $0.075, and the setup gets considerably cleaner.
#Write2Earn #CAP
