0.0364 is the real resistance; I was present throughout that 0.0228 wick.

$CAP After last night's surge on high volume, it pulled back to around 0.0321 to absorb liquidity, and after 22 hours of consolidation, it failed to retest 0.0345, with volume shrinking from 26M to 13M. This is a typical distribution rotation.
I am well aware that this narrow-range consolidation is the market maker clearing leveraged longs from the highs while reducing the cost of further upward moves.
Looking at the 24h volume of 92.1M, but the price did not break the previous high; instead, liquidity shows more long entries than shorts, indicating that buy orders are hidden in the 0.0325-0.0330 area ready to absorb.
0.0338 is the dense turnover boundary from yesterday afternoon. If this level cannot hold, the support at 0.0280 below will be eaten into resistance.
My personal judgment is: there is no major bearish news, but the short-term market maker will wait for a triple top signal before deciding whether to launch the second wave. For position management: go long with small size below 0.0320, stop loss at 0.0285, ideal entry in the 0.0305-0.0315 range, take profit at 0.0358.
If it fails to reclaim 0.0342 within four hours, a bearish retracement and breakdown is the higher probability.
If you ask me now whether you should chase, I'll only say: the chart doesn't lie.
Tomorrow at 9 AM, wait for either a doji on shrinking volume or a bearish candle on expanding volume. At that point, it will be clear whether to place shorts or take longs.
I'm the kind of person who doesn't like to speak vaguely — decisive when adding positions, and never clicking when it's time to wait.
Let's do a poll: Do you think this wave of $CAP will stop at the previous high of 0.0364 or break out to test 0.040? (You have 5 seconds to decide.)
Anyway, follow the data, not the emotions.