CAP/USDT — SHORT SETUP
$CAP is trading below the MA60 at 0.07467 after a sharp intraday drop. Price has bounced from around 0.07286, but the recovery is still below the moving average.
Entry: 0.0742 – 0.0747
TP1: 0.07333
TP2: 0.07286
SL: 0.07516
I’m watching the 0.0742–0.0747 area for rejection. A reclaim above the MA60 would weaken the short setup.
$CAP is trading below the MA60 at 0.07467 after a sharp intraday drop. Price has bounced from around 0.07286, but the recovery is still below the moving average.
Entry: 0.0742 – 0.0747
TP1: 0.07333
TP2: 0.07286
SL: 0.07516
I’m watching the 0.0742–0.0747 area for rejection. A reclaim above the MA60 would weaken the short setup.