📊 $CAP Technical Analysis & Setup
$CAP sinks 2.8% on a 3.8x volume spike, signaling strong distribution and a continuation of the firmly bearish 1h trend below the EMA20 and EMA200.
• Key Support / Demand: 0.07921 (liquidity shelf) and 0.07149 (major demand zone).
• Resistance / Supply Targets: 0.08312 (flipped level) and 0.08920.
• Trigger / Confirmation: Lower-timeframe bearish engulfing, rejection wicks, or swing failure patterns on a weak rally into the 0.08312-0.08695 zone.
• Risk / Invalidation: A 1h close above 0.09994 invalidates the bearish bias.
• Market Execution: Monitor order book depth and taker flow closely during retests.
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #CAP #Trading
$CAP sinks 2.8% on a 3.8x volume spike, signaling strong distribution and a continuation of the firmly bearish 1h trend below the EMA20 and EMA200.
• Key Support / Demand: 0.07921 (liquidity shelf) and 0.07149 (major demand zone).
• Resistance / Supply Targets: 0.08312 (flipped level) and 0.08920.
• Trigger / Confirmation: Lower-timeframe bearish engulfing, rejection wicks, or swing failure patterns on a weak rally into the 0.08312-0.08695 zone.
• Risk / Invalidation: A 1h close above 0.09994 invalidates the bearish bias.
• Market Execution: Monitor order book depth and taker flow closely during retests.
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #CAP #Trading