$CGPT - Gaining Momentum
Market Overview:
- Price: $0.0802
- Change: +10.47% today
- Trend: Short-term breakout
- 24h Range: $0.0719 – $0.0802 (testing 24h high now)
- MAs:
- MA(7): $0.0788
- MA(25): $0.0785
- MA(99): $0.0760
- Price is above all MAs, indicating momentum shift to bullish.
---
Key Observations
- Just broke recent resistance at $0.0791–0.0795 zone.
- Bullish volume spike supports the move.
- MA lines are now curling upward — a signal of potential continuation.
---
Trade Strategy
# Pullback Entry (Safer Option):
- Entry Zone: $0.0785 – $0.0795 (wait for a retest of broken resistance)
- SL: Below $0.0775
- TP1: $0.0820
- TP2: $0.0850 (next extension target if momentum holds)
# Breakout Entry (Aggressive):
- Enter on breakout above $0.0805 with strong volume
- SL: $0.0785
- TP: $0.0835–$0.0850
---
Summary
- Trend: Turning bullish
- Best Entry (Pullback): $0.0785–0.0795
- Breakout Confirmation: Above $0.0805 with volume
- SL: $0.0775
- TP: $0.0820 / $0.0850
Note: Wait for breakouts and volume for confirmation