$CGPT / USDT – Bullish Momentum Building, Testing Recent Highs
$CGPT is currently trading at $0.1434, showing a positive trend and approaching its 24-hour high of $0.1447. The price action suggests increasing buying pressure and a potential breakout attempt.
Trade Setup (Watching for Breakout):
Potential Support Zone: $0.1400 - $0.1420
Key Resistance: $0.1445 - $0.1450
Bullish Scenario:
Entry (Long): Break above $0.1450 with significant volume
Target 1: $0.1470
Target 2: $0.1490+
Stop Loss (Long): Below $0.1390
Bearish Scenario:
Entry (Short): Rejection at $0.1450 with increasing selling volume, break below $0.1400
Target 1: $0.1380
Target 2: $0.1360
Stop Loss (Short): Above $0.1460
CGPT/USDT is showing promising bullish momentum. Keep a close eye on the $0.1445 - $0.1450 resistance zone. A strong break above this level could lead to further upside. Conversely, a rejection at this point could lead to a pullback. Monitor volume for confirmation of either scenario.
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