📈 CGPT/USDT – Trend Reversal in Progress? 🔁
Current Price: $0.0887 (+5.09%)
After hitting a low of $0.0812, CGPT has bounced back strongly, signaling a potential short-term reversal as it climbs above the mid-Bollinger band.
🔍 Technical Snapshot:
• Support Zone: $0.0810 – $0.0820
• Resistance Ahead: $0.0893 (Mid BB) → $0.0977 (Upper BB)
• Volatility Expanding – Bollinger Bands are widening, indicating a potential breakout move.
🎯 Trade Setup:
• Entry: $0.0885 – $0.0890
• TP1: $0.0925
• TP2: $0.0970
• TP3: $0.1035
• Stop-Loss: $0.0835 (below recent swing low)
⚠️ Risk Management Tip:
CGPT is gaining momentum, but volume confirmation is key. A close above $0.0893 could lead to further upside.
💡 Watch for continuation candles with strength near the upper band!