$CGPT 🤖🚀 Potential Bullish Breakout: $CGPT/USDT
🔍 Trade Plan (Aggressive or Conservative Entry)
🟢 Aggressive Entry: Around $0.1061$ (higher risk)
🟢 Conservative Entry: $0.1040 - $0.1055$ (on pullback)
🔴 Stop Loss: $0.1020$
🎯 Target 1: $0.1069$
📈 Target 2: $0.1090 - $0.1120$
🏆 Target 3: $0.1150 - $0.1200$
⚖️ Potential Risk-Reward Ratio (Conservative Entry to Target 1): ~0.63 - Needs careful management.
📊 Updated Technical Breakdown
👀 Strong bullish breakout, price above key EMAs. RSI overbought.
🧱 Key Resistance: $0.1069$, $0.1090 - $0.1120$, $0.1150 - $0.1200$
🛡️ Key Support: $0.1040 - $0.1055$ (7 & 25 EMAs), $0.1020$
📈 Good volume on the breakout.
⚠️ RSI in overbought territory - potential for pullback.
⚙️ Updated Trade Management
Tighter SL for aggressive entry.
Wait for pullback for conservative entry.
Move SL to entry at Target 1.
Take partial profits.
💭 Final Thoughts
$CGPT$ showing strong bullish breakout but is overbought. Conservative entry on pullback might be safer. Manage risk and watch volume. Let's see it compute! 🤖🚀