$CGPT

1H Chart Shows Bullish Potential | Eyes on MA100

⏰ Timeframe: 1H (Spot Market)

💹 Pair: CGPT/USDT

📊 Structure: Descending Channel (Near Breakout)

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🔍 Current Market Setup:

#CGPT is trading inside a descending channel on the 1-hour chart, respecting both the upper and lower bounds cleanly. A strong bounce has just occurred from the lower boundary support at $0.0650, showing signs of an upcoming breakout.

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📈 Bullish Indicators:

Price action bouncing from channel support with strength

RSI showing a downtrend break + potential retest, aligning with bullish reversal momentum

Targeting stability above the 100 Moving Average (MA100) — a key trend-shifting signal

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✅ Trade Parameters:

Entry: $0.0654

First Target: $0.0678

Second Target: $0.0692

Third Target: $0.0721

This setup favors short-term swing traders looking to catch the move out of the channel into momentum continuation.

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⚠️ Risk Management Tip:

Wait for confirmation above the channel top and MA100 before sizing in. As always, protect your capital with a tight stop-loss below the support bounce zone.

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