$CGPT /USDT BEARISH ANALYSIS – LOW VOLUME CONSOLIDATION NEAR SUPPORT, DOWNSIDE RISK INCREASING
Current Price: $0.0968
24h Change: -1.93%
24h High/Low: $0.1010 / $0.0951
24h Volume (CGPT): 11.85M
24h Volume (USDT): 1.16M
KEY LEVELS
Resistance Levels:
R1: $0.0985 – Minor intraday resistance
R2: $0.1010 – 24h high, local top of recent range
R3: $0.1045 – Breakdown zone and previous support
Support Levels:
S1: $0.0950 – Immediate support, tested multiple times
S2: $0.0920 – Stronger historical support
S3: $0.0880 – Previous accumulation zone
MARKET STRUCTURE
CGPT/USDT is in a downward consolidation, trading below key moving averages with flat price action and declining volume. The repeated test of the $0.0950 support suggests buyer exhaustion. Without a decisive move above $0.1010, the pair risks a breakdown.
TRADE SETUP (SHORT)
Entry: $0.0965–$0.0970 (near current level)
Stop Loss (SL): $0.1015 – Above short-term resistance
Take Profit (TP):
TP1: $0.0950
TP2: $0.0920
TP3: $0.0880
> Risk/Reward: Risk under 5% with 10–15% potential reward if downtrend continues. Strong short setup on breakdown confirmation below $0.0950.
SUMMARY
CGPT is at a critical level, hovering above weak support. If $0.0950 fails to hold, the structure favors further downside toward $0.0920 and below. Bullish bias only resumes if the price reclaims and holds above $0.1010 with volume.
Let me know if you'd like a bullish breakout scenario or 4H/1D technical chart breakdown.
#BNBATH #Write2Earn! #w #US-EUTradeAgreement #AmericaAIActionPlan $CGPT