$CAP Setup | SHORT
$CAP is extremely volatile right now after a sharp 1H liquidation move from 0.1173 down to 0.0740. Price bounced back to 0.0840, but it is still below the 1H EMA7 and EMA25, while sitting just above the EMA99 near 0.0804. I don’t want to chase this short at the low—I’d rather wait for a weak retest and rejection.
Trade Plan
Direction:** Short
Entry Zone: 0.0880 – 0.0940 (only on rejection)
Stop Loss: 0.1010
TP1:** 0.0780
TP2:** 0.0740
TP3:** 0.0680
Why This Makes Sense
• The 1H structure broke down hard from 0.1173, and the bounce is still below the short-term EMAs.
• Volume spiked on the selloff, which shows real forced selling, not just low-liquidity noise.
• The 0.0740 low is the key nearby support; losing it again would confirm continuation.
• High volatility means wicks are likely, so I prefer a retest entry instead of market shorting the bounce.
Risk Note
This coin is highly volatile, so position size should be smaller than normal and the stop needs room. A violent relief bounce can easily hit tight stops. I would take partials at TP1 and only stay in the trade if price keeps rejecting the EMA zone.
What do you think?
Would you take this setup, or wait for confirmation?
$CAP
$CAP is extremely volatile right now after a sharp 1H liquidation move from 0.1173 down to 0.0740. Price bounced back to 0.0840, but it is still below the 1H EMA7 and EMA25, while sitting just above the EMA99 near 0.0804. I don’t want to chase this short at the low—I’d rather wait for a weak retest and rejection.
Trade Plan
Direction:** Short
Entry Zone: 0.0880 – 0.0940 (only on rejection)
Stop Loss: 0.1010
TP1:** 0.0780
TP2:** 0.0740
TP3:** 0.0680
Why This Makes Sense
• The 1H structure broke down hard from 0.1173, and the bounce is still below the short-term EMAs.
• Volume spiked on the selloff, which shows real forced selling, not just low-liquidity noise.
• The 0.0740 low is the key nearby support; losing it again would confirm continuation.
• High volatility means wicks are likely, so I prefer a retest entry instead of market shorting the bounce.
Risk Note
This coin is highly volatile, so position size should be smaller than normal and the stop needs room. A violent relief bounce can easily hit tight stops. I would take partials at TP1 and only stay in the trade if price keeps rejecting the EMA zone.
What do you think?
Would you take this setup, or wait for confirmation?
$CAP