💥$CGPT /USDT Breakout Watch Amid 9.31 Percent Surge!🔥
🌟Current Price: 0.1151 USDT (9.31 Percent)
🌟24-Hour High: 0.1196 USDT (Resistance Zone)
🌟24-Hour Low: 0.1032 USDT (Critical Support)
Volume (24H):
🌟CGPT: 88.88M
🌟USDT: 10.05M
CGPT reflects bullish movement, steadily approaching its 24-hour high, indicating strong buyer interest
⚡Technical Indicators 🔍
1. Bollinger Bands: Likely narrowing, reflecting reduced volatility—ideal 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.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Breakout Continuation
👉Entry Point: Above 0.1155 USDT (confirmed breakout with rising volume)
👇Take-Profit Targets:
🎯TP1 (1:1): 0.1185 USDT
🎯TP2 (1:2): 0.1195 USDT
💢Stop Loss: Below 0.1130 USDT
🎖️Bearish Scenario
Type: Rejection Trade
👉Entry Point: Below 0.1130 USDT (confirmed rejection at resistance)
👇Take-Profit Targets:
🎯TP1 (1:1): 0.1110 USDT
🎯TP2 (1:2): 0.1090 USDT
💢Stop Loss: Above 0.1155 USDT
⚡Risk Management Strategy ⚠️
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)
⚡Key Observations ✍️
1. Validate breakout or pullback moves with volume confirmation to avoid false signals.
2. Monitor the 0.1196 USDT resistance zone closely—a 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
