$CAP PARABOLIC EXTENSION: FADING THE 32% SURGE 🩸
Reviewing Cap on the 4H timeframe. The asset just printed a massive +32% vertical run right into the 0.099 resistance level. The current candles are heavily detached from the moving averages, with the MA20 sitting way down at 0.077. This kind of steep, uninterrupted ascent usually triggers a violent mean-reversion flush as early buyers rush to take profit. I'm stepping in to short this overextended trap.
Trading Ideas Short $CAP
Entry: 0.09850 - 0.10050
SL: 0.10600
TP1: 0.09180 (MA5)
TP2: 0.08290 (MA10)
TP3: 0.07734 (MA20)
trade $CAP here :👇
