$CAP / USDT – Short Liquidation Brings Buyers Into Focus
CAP saw a $1.5154K short liquidation at $0.08994. Forced closures among bearish traders can contribute to upward momentum, although one liquidation event does not guarantee a breakout.
Potential Entry Zone: $0.0893–$0.0901
Upside Targets: $0.0910 / $0.0925
Downside Targets: $0.0887 / $0.0878
Protective Stop-Loss: Below $0.0885 for a long setup
Short-Term Bias: Cautiously bullish
If price holds above $0.0899 and buying volume increases, CAP may attempt another move higher. Failure to defend support could lead to consolidation or a pullback.
#BinancePick
#EarningsSeason
#DowDrops653Points
CAP saw a $1.5154K short liquidation at $0.08994. Forced closures among bearish traders can contribute to upward momentum, although one liquidation event does not guarantee a breakout.
Potential Entry Zone: $0.0893–$0.0901
Upside Targets: $0.0910 / $0.0925
Downside Targets: $0.0887 / $0.0878
Protective Stop-Loss: Below $0.0885 for a long setup
Short-Term Bias: Cautiously bullish
If price holds above $0.0899 and buying volume increases, CAP may attempt another move higher. Failure to defend support could lead to consolidation or a pullback.
#BinancePick
#EarningsSeason
#DowDrops653Points