š„
$CGPT /USDT Breakout Watch Amid 9.31 Percent Surge!š„
šCurrent Price: 0.1151 USDT (9.31 Percent)
š24-Hour High: 0.1196 USDT (Resistance Zone)
š24-Hour Low: 0.1032 USDT (Critical Support)
Volume (24H):
šCGPT: 88.88M
šUSDT: 10.05M
CGPT reflects bullish movement, steadily approaching its 24-hour high, indicating strong buyer interest
ā”Technical Indicators š
1. Bollinger Bands: Likely narrowing, reflecting reduced volatilityāideal for breakout setups.
2. RSI: Approaching overbought levels; exercise caution for extended long positions.
3. MACD: Shows mild bullish divergence; monitor closely near resistance zones.
4. Trendlines: Highlight support at 0.1032 USDT, pivotal for sustaining bullish momentum.
ā”Trading Setup š
šļøBullish Scenario
Type: Breakout Continuation
šEntry Point: Above 0.1155 USDT (confirmed breakout with rising volume)
šTake-Profit Targets:
šÆTP1 (1:1): 0.1185 USDT
šÆTP2 (1:2): 0.1195 USDT
š¢Stop Loss: Below 0.1130 USDT
šļøBearish Scenario
Type: Rejection Trade
šEntry Point: Below 0.1130 USDT (confirmed rejection at resistance)
šTake-Profit Targets:
šÆTP1 (1:1): 0.1110 USDT
šÆTP2 (1:2): 0.1090 USDT
š¢Stop Loss: Above 0.1155 USDT
ā”Risk Management Strategy ā ļø
For Bullish Setup, adjust Stop Loss to Breakeven after achieving TP1 (0.1185 USDT) and secure 50 percent profits
Similarly, for Bearish Setup, reduce risks by moving Stop Loss to Entry upon hitting TP1 (0.1110 USDT)
ā”Key Observations āļø
1. Validate breakout or pullback moves with volume confirmation to avoid false signals.
2. Monitor the 0.1196 USDT resistance zone closelyāa decisive breach may extend bullish rallies, while rejection could lead to consolidation or retracements.
3. Stick to disciplined entries and exits amidst current market volatility.
Disclaimer:
#DYOR* Buy Or Trade With Me On
$CGPT #AirdropStepByStep #AITokensBounce #BTCRebound #CGPT