$CGPT /USDT – Short Trade Setup 🔻🔥
$CGPT is facing resistance around $0.1311, failing to hold momentum despite a +2.19% increase. Selling pressure is building, indicating a potential pullback. If the price fails to sustain above this level, a rejection could trigger further downside.
Trade Setup
Entry Zone: $0.1300 – $0.1285
Target 1: $0.1250
Target 2: $0.1200
Stop Loss: $0.1335
📊 Bearish Indicators:
Lower Highs Formation: Indicating sellers are stepping in.
Volume Declining: Weak buying strength at resistance.
Break Below $0.1285: Could accelerate the downtrend.
🔥 Pro Tip: If $0.1300 fails to reclaim, expect further weakness. Look for volume confirmation on breakdowns before entering short trades.