$CGPT /USDT Trading Signal – Testing Critical Levels After a Decline
The $CGPT /USDT pair has dropped 11.46% in the past 24 hours, but it is attempting to stabilize near a key support zone. Here's the detailed trading breakdown:
Short Signal
Entry Range: $0.2720 - $0.2750
Target 1: $0.2600
Target 2: $0.2520
Stop Loss: $0.2800
Observation: A failure to break above the EMA (25) at $0.2837 could see sellers dominate further, pushing prices to retest the recent low of $0.2526.
Long Signal
Entry Range: $0.2670 - $0.2700
Target 1: $0.2900
Target 2: $0.3000
Stop Loss: $0.2550
Observation: A bounce from the $0.2670 support level might initiate a recovery rally toward $0.2900. Volume confirmation is crucial for sustainable upside momentum.
Key Levels to Watch
Immediate Resistance: $0.2837 (EMA 25)
Immediate Support: $0.2670
Pro Tip: Monitor the $0.2670 level closely for a decisive move. A breakdown could invite short-term bearish pressure, while a strong bounce signals potential recovery.
