$CAP — SHORT BIAS | Breakdown in Progress
CAP has dropped nearly 14% in 24 hours, and the 15-minute chart shows a clear sequence of lower highs and lower lows. Sellers remain in control, but price is now testing the $0.0800 area after an extended decline. Entering short directly into support could be risky if a relief bounce develops.
Short Setup — on a confirmed pullback
Entry: $0.08100 – $0.08150
TP1: $0.08000
TP2: $0.07900
TP3: $0.07800
SL: $0.08220
What matters now: A break below $0.0800 followed by a failed retest would strengthen the bearish case. If price reclaims $0.0815 with strong buying pressure, avoid forcing the short.
The trend is bearish, but the entry matters more than the direction. After a sharp sell-off, chasing price can leave traders exposed to sudden rebounds.
TRADE 👇
CAP has dropped nearly 14% in 24 hours, and the 15-minute chart shows a clear sequence of lower highs and lower lows. Sellers remain in control, but price is now testing the $0.0800 area after an extended decline. Entering short directly into support could be risky if a relief bounce develops.
Short Setup — on a confirmed pullback
Entry: $0.08100 – $0.08150
TP1: $0.08000
TP2: $0.07900
TP3: $0.07800
SL: $0.08220
What matters now: A break below $0.0800 followed by a failed retest would strengthen the bearish case. If price reclaims $0.0815 with strong buying pressure, avoid forcing the short.
The trend is bearish, but the entry matters more than the direction. After a sharp sell-off, chasing price can leave traders exposed to sudden rebounds.
TRADE 👇