š CGPT/USDT ā Trend Reversal in Progress? š
Current Price: $0.0887 (+5.09%)
After hitting a low of $0.0812, CGPT has bounced back strongly, signaling a potential short-term reversal as it climbs above the mid-Bollinger band.
š Technical Snapshot:
⢠Support Zone: $0.0810 ā $0.0820
⢠Resistance Ahead: $0.0893 (Mid BB) ā $0.0977 (Upper BB)
⢠Volatility Expanding ā Bollinger Bands are widening, indicating a potential breakout move.
šÆ Trade Setup:
⢠Entry: $0.0885 ā $0.0890
⢠TP1: $0.0925
⢠TP2: $0.0970
⢠TP3: $0.1035
⢠Stop-Loss: $0.0835 (below recent swing low)
ā ļø Risk Management Tip:
CGPT is gaining momentum, but volume confirmation is key. A close above $0.0893 could lead to further upside.
š” Watch for continuation candles with strength near the upper band!