⚠️ $CAP 2.5x volume on 3% pop after -35.1% dump looks like short-cover squeeze not buyers - my bias is bearish here — the 1h and daily structure still print lower highs / lower lows, and this 2.95x volume burst with a sharp bounce looks like a squeeze / short-cover after the dump, not smart-money accumulation for a sustained long 📉 - BTC is also bearish on this timeframe, so any bounce on CAP is a counter-trend move inside a larger downtrend and needs a full structure break before I would even consider flipping - I expect price to probe 0.04423 / 0.04304 first, then the 0.04104–0.03837 liquidity shelf, and if those give way the last confirmed swing low at 0.03700 - short entry zone is a rejection of 0.0470–0.04831 (the last LH / flip area) or a failed reclaim of 0.0453–0.0442 after a liquidity sweep — wait for a 15m/1h bearish engulfing, pin bar, or lower-timeframe market-structure shift before entering - take-profits in order: 0.04423, then 0.04304, then 0.04104, then 0.03837 / 0.03700 - place protection beyond the structure flip — a close back above 0.04831 is what actually invalidates this bearish read and would flip me bullish 📊 Flow: OI $8.9M (-26.6% 24h) · funding -0.0839% · taker 1.14× Where's the next resistance? Find out → link in bio 🔗