It seems you're considering a short trade for $CGPT /USDT with the entry range of $0.3790 – $0.3800, targeting $0.3850 and $0.3900, with a stop loss set at $0.3830.

Analysis:




  2. Entry Range ($0.3790 – $0.3800):



    • You are entering within a narrow range. Price action should be carefully observed within this zone to confirm a reversal to the downside. Make sure that price stays below the entry range to ensure proper short entry.



  4. Targets:



    • Target 1 ($0.3850): This is a moderate target, around a 1.3%-1.6% upside from the entry zone. The price must face resistance around $0.3850 to validate the short.


    • Target 2 ($0.3900): If price pushes higher, your second target at $0.3900 would provide about 2.6%-2.9% upside from the entry. A strong rejection at $0.3900 could indicate price reversal, solidifying the short position.



  6. Stop Loss ($0.3830):



    • A tight stop loss, just 0.3%-0.5% above the upper range of your entry zone. This limits potential losses but may get triggered if the market moves slightly against your position.


Risk Considerations:



  • Price Action: If price breaches $0.3830 and sustains above that level, the short trade might not be valid anymore, and you should exit to avoid further loss.


  • Market Sentiment: Ensure that broader market conditions and trends do not go against your short position.


Additional Insights:



  • Volume & Liquidity: Monitor volume; if the market is trending up with increasing volume, it could invalidate your short setup.


  • Chart Confirmation: A bearish reversal pattern (such as a double top or shooting star) would provide additional confidence in the short setup.


Would you like to add a chart for further visual analysis or make adjustments to the tradetrade?

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