$CGPT SHOWING TUG OF WAR – BREAKOUT SETUP OR BEARISH TRAP?
$CGPT/USDT is currently trading at $0.1332, attempting to stabilize after hitting intraday resistance near the $0.1346 level. Price action is compressed within a tight range, and both bulls and bears are fighting for control.
Key Levels to Watch:
Resistance:
• $0.1346 – Key intraday resistance
• Breakout above this level may lead to:
TP1: $0.1370
TP2: $0.1405
Support:
• $0.1327 – Short-term support zone
• $0.1305 – Major support area; breakdown below this could push toward:
TP1: $0.1270
TP2: $0.1240
Trade Setup – Watch the Compression for a Break
Bullish Entry:
• Entry above $0.1346 on breakout confirmation
• Targets:
• TP1: $0.1370
• TP2: $0.1405
• Stop-Loss: Below $0.1327 to limit downside
Bearish Entry:
• Breakdown below $0.1305 could trigger a deeper pullback
• Targets:
• TP1: $0.1270
• TP2: $0.1240
• Stop-Loss: Above $0.1346 to manage risk
Stay nimble and wait for a decisive move.