Boom! Long positions were liquidated on $CGPT at $0.1300 - strong performance on the chart!
Massive long positions worth $5.97K were liquidated at $0.1300, causing market turbulence and paving the way for the next big move. This isn't just a drop; it's an opportunity for those who can foresee the storm before the calm!
What's happening?
Smart investors have shed excessive leveraged long positions - and now we are looking for entry points as the market panics.
Technical Analysis ($CGPT /USDT):
Buying area (entry range):
$0.1225 - $0.1280
- This is the demand zone where smart investors may start accumulating again. If the price settles above $0.1225, we may witness a strong rebound.
Targets (Take Profit Areas):
Take Profit 1: $0.1385 - Liquidity sweep area
Take Profit 2: $0.1450 - Previous resistance level and touched trendline
Take Profit 3: $0.1535 - Potential for a full reversal if momentum is activated
Stop Loss:
$0.1189 - Clear invalidation if the price breaks below this level with trading volume; indicating further decline and the possibility of a bearish market takeover.
Why is this setup great?
Liquidation: Fuel for rebound
Relative Strength Index (RSI) is in oversold territory on the four-hour chart
Sharp increase in trading volume followed by a decrease in selling pressure
Psychological support at the $0.1200 range
Is it real - are you in the market or watching?
When the weak are filtered out, bold shareholders take positions. The CGPT level may be preparing for its next equivalent rise. Watch the chart - don't take your eyes off it!
#MarketPullback #BTCBreaksATH110K #TrumpTariffs #BinanceAlphaAlert
