$CGPT /USDT – Strong Pullback After Pump! Short Setup Unfolding 🔻
Current Price: $0.1368 (+9.44%)
$CGPT saw a sharp rally but has now formed a local top at $0.1494 with consecutive bearish candles, signaling a potential retracement.
Short Trade Setup:
Entry Zone: $0.1370 – $0.1400
TP1: $0.1320
TP2: $0.1275
TP3: $0.1230
Stop Loss: $0.1455
Key Resistance:
$0.1450 – $0.1494 (top rejection zone)
Support Levels:
$0.1320 (previous structure)
$0.1220 (24H low)
Market Insight:
CGPT is showing signs of exhaustion after its vertical rally. Lower highs and volume drop suggest sellers are stepping in. A retracement toward the demand zone is likely.
Pro Tip:
Wait for a retest of $0.1385–$0.1400 with a bearish candle before jumping in. Lock profits early as volatility increases.
Ride the reversal wave – $CGPT could dip quick!
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