$CGPT 🐂 CGPT/USDT: Riding the Bullish Momentum! 🚀

Binance Fam, look at CGPT/USDT go! Strong bullish push after breaking key EMAs! Is this trend set to continue its climb? Let's analyze! 🌊

📊 Technical Breakdown

Market Structure Shift: 👀 Decisive break above EMA cluster (7, 25, 99), consolidating above. Bullish momentum.

Key Support & Resistance Levels: Support: ~$0.1050, ~$0.0980. Resistance: ~$0.1115, ~$0.1140.

Volume Profile: 📈 Significant surge in volume on breakout.

Correlation with Market Trends: 🔎 Heavily influenced by BTC and ETH.

🎯 Trade Plan (Potential Long)

Entry Zone: $0.1085 - $0.1100

Stop Loss: $0.1030

Target Profit Levels: TP1: $0.1135, TP2: $0.1170, TP3: $0.1200

⚖️ Risk-Reward Ratio

Favorable R/R for TP2 and TP3. Consider partial profits at TP1.

💼 Trade Management

Move SL to breakeven after TP1. Trail SL towards higher TPs. Monitor price action and volume at key resistance (~$0.1115$).

🤔 Final Thoughts

Bias: Bullish. Holding above $0.1050$ is key.

Risks: ⚠️ Market sentiment reversal, weakening volume. Trade with caution!