Thesis CAP ran about 40% intraday in 90 minutes, from 0.0726 to 0.1020, and was sold hard. The 14:00 candle took 3.79M of volume, the biggest of the day, and gave back almost the whole leg to 0.082. Price is now 0.0807, below the 1 October high of 0.0886, with a 0.69 upper-wick ratio on the daily. This is a blow-off that failed, not a volume wake. Only a reclaim of 0.084 would make me look again, and even then the stop under 0.0762 against a target at 0.0935 is about 1.2:1, so it doesn't qualify. Crowd read Late buyers chased an all-time-high break into 0.10 after a 60% week. CAP is trending on CoinGecko and is the DeFi theme leader. That is the FOMO phase, and the climax candle shows early holders selling into it. Trapped buyers from 0.085 to 0.10 will now sell any bounce at break-even, so rallies should stall in that zone. Watch for Re-engage only after a calm base forms above 0.076 on falling volume and then breaks 0.0886 with two 15m closes above it. Until then, a bounce toward 0.085–0.088 is where trapped buyers sell. Wrong if The avoid call is wrong if CAP closes two 15m candles above 0.0886 on rising volume. That would mean the dump was absorbed and the ATH break is back on. Exit rules · close below 0.0785 (1h): Losing the 0.079 shelf after the dump means it is heading back to the pre-pump base around 0.073 · no progress hours 4.0: If a reclaim of 0.084 doesn't move within 4 hours, the bounce is just trapped sellers being paid out · btc drop pct 3.0: Total market cap is already down 3% today; a high-beta leader won't hold if BTC slips too Managed exit (half at 1R, trail 1R) active, +0.28R so far

Screener volume wake scored 65 · volume 4.7x normal with price only +9.2% · +32% vs BTC on the week · already +35% this week · 15m confirming Project Cap is a covered-credit and stablecoin lending protocol in the DeFi theme. Its all-time high was set on 1 Oct and broken intraday today. Tokenomics.com lists the next unlock as 26 June 2027 (10.8% of supply), so nothing is due inside the horizon. I found no listing, hack or legal news. It is trending on CoinGecko after a +60% week, which is a late-stage attention signal. Risks · About 1.06% round trip at £2,000 and a 0.77% spread eat a large part of a roughly 9% stop distance · The 14:00 candle had 2x the volume of the whole run up, which points to distribution by larger holders · Only 15.6% of supply circulates (FDV about $795M vs $124M market cap), so supply overhangs any rally · Overhead supply sits between 0.085 and 0.102 from today's buyers · Two earlier spikes (14 Sep and 19 Sep, the latter wicking to 0.08) both fully retraced within days Sources https://app.tokenomics.com/tokenomics/cap/unlocks Features at call time pct_1d: 9.15 pct_7d: 34.96 vol_ratio_eff: 4.66 rsi_1d: 68.34 bbw_pct_rank: 53.57 dist_to_high_20d_pct: 9.67 consec_green_1d: 2 overhead_supply_share: 0.02 upper_wick_ratio_1d: 0.69 lower_wick_ratio_1d: 0.09 rs_vs_btc_7d: 31.90 from_ath_pct: -21.73