$CGPT /USDT Analysis Update and Best Trading Strategy ๐งโ๐ป ๐ฅ๐
๐ธ Current Price: $0.0933
๐ Timeframe: 1H + 1D Confluence
๐ 24h Change: +9.89% | Volume: 16.73M CGPT
๐น 1H Chart Observations:๐
โ Strong Bullish Momentum with consecutive green candles.
๐ข Price trading above both 20 EMA & 50 MA โ confirms short-term uptrend.
๐ MACD: Bullish crossover active and widening โ momentum building.
๐ฅ RSI at 74.45 โ overbought zone, signals potential minor pullback or consolidation ahead.
๐ Key Support Zone: $0.0897, $0.0862
๐ฏ Immediate Resistance: $0.0956 (24h high)
๐น 1D Chart Observations:๐
๐ $CGPT Price has bounced from local bottom, forming higher lows โ early reversal signs.
๐ Still trading below 50 MA (0.1100) and 200 MA (0.1177) โ major trend still bearish.
๐ Long-term breakout only if candle closes above $0.098โ$0.100 with volume confirmation.
๐ MACD histogram flipping green; early bullish divergence forming.
๐ง RSI at 48.78 โ neutral zone, plenty of room for upside.
๐ Trade Setup (Short-Term Swing)
Buy Zone: $0.0910โ$0.0933
Targets: $0.0965 โ $0.098 โ $0.103
Stoploss: $0.088 below 1H 20 EMA
Trade Duration: 1โ3 Days
๐ฌ Why Bullish๐ค๐ฅ
Bullish structure forming on both intraday and daily.
MACD momentum + RSI neutral give space for further move.
Volume spike + breakout candle on 1H chart = buyer dominance.
๐ Caution:โ ๏ธ
Avoid chasing green candles. A small retracement to $0.091 support zone may give a better entry. Keep SL tight, as price is approaching daily MA resistance near $0.098โ$0.100.
๐ง "Let the chart tell the story โ you just listen patiently."
๐ This is not financial advice. Always DYOR and manage your risk.
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