$CGPT AI Token Takes a Breather: Is the Momentum Running Out?
$CGPT rallied sharply from $0.0827 to $0.0976 but now seems to be cooling off. Consecutive red candles and waning buyer momentum suggest potential for a short-term correction. Intraday traders and scalpers might find this a timely opportunity.
📉 Short Trade Setup:
Entry Zone: $0.0945–$0.0955
Take Profit 1: $0.0910
Take Profit 2: $0.0880
Take Profit 3: $0.0852
Stop Loss: Above $0.0985
⚡ Strategy Insight:
If $CGPT fails to reclaim $0.096 with strong buyer volume, further downside becomes likely. Look for:
1. Declining volume.
2. Shrinking candle bodies.
3. Rejection near key resistance zones.
This setup aligns well with fading momentum and the potential for a quick, clean downside move. Stay sharp! 🚨
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