CAP/BUY Setup 👇🏻: Bulls Remain in Control – Looking for Another Move Higher;
However, after a move of more than 30% in 24 hours, entering at the current price carries additional risk. A pullback could offer a much better opportunity.
Trade Setup:
- Entry Zone: $0.0920 – $0.0940
- TP1: $0.1007 - TP2: $0.1095 - TP3: $0.1190
- Stop Loss: $0.0885
Why LONG?
The daily trend remains bullish, while price is trading above its key moving averages. The $0.0900 area is the first important support to watch.
A successful retest of this zone, followed by renewed buying volume, could open the door toward $0.1007 and potentially higher levels.
Important: Don't chase the price after a sharp rally. Wait for the entry zone and confirmation before taking a position.
If CAP loses $0.0900, the bullish setup becomes weaker and the trade should be reconsidered.
Trade carefully. Manage your risk. Never risk more than you can afford to lose.