$CGPT /USDT – Short Trade Alert! Rejection from Local Highs! 🚨
Current Price: $0.1288 (+3.70%)
$CGPT faced rejection near the $0.1329 mark, forming a local double top pattern with early signs of bearish pressure on the 15m chart.
Key Resistance:
$0.1329 (24H High)
Key Support:
$0.1250
$0.1197 (24H Low)
Short Trade Setup:
Entry Zone: $0.1295 – $0.1315
TP1: $0.1260
TP2: $0.1230
TP3: $0.1200
Stop Loss: $0.1335
Market Insight:
Lower timeframes show waning bullish momentum and a rejection at recent highs. Volume decline confirms potential short opportunity.
Pro Tip:
Watch for a lower high confirmation before entering the short. Keep SL tight and trail after TP1 to lock in profits.
Bears could take the lead – execute smartly!
