$CGPT Long Liquidation Alert
A massive $1.274K long position was liquidated at $0.1342, a sign that weak hands are being shaken out of the market. This is not just a number—it’s a signal. The market is wiping out over-leveraged positions and preparing for a potential trend shift.
$CGPT Technical Analysis
Current Price Zone Insight:
$CGPT is hovering around the $0.13 zone after the liquidation event, indicating high volatility. The price reaction here will determine the short-term direction. The liquidation wick suggests possible local bottoming, but caution is key.
Buy Zone
Primary Entry Zone: $0.1280 – $0.1330
This is the accumulation zone where smart money could step in. Watch for volume spikes and bullish reversal patterns around this range.
Aggressive Entry (DCA): $0.1230 – $0.1280
For those willing to take more risk, this deeper zone may offer high reward if reversal confirms.
Target Levels
Target 1: $0.1435 — First resistance from recent breakdown.
Target 2: $0.1520 — Previous consolidation support now acting as resistance.
Target 3: $0.1640 — Strong breakout level if bulls take charge.
Stop Loss
Hard Stop: Below $0.1220
Break below this level with strong volume would invalidate the bullish setup. Protect your capital.
Conclusion
The long liquidation at $0.1342 is a critical signal. Either it marks a bottom before a bounce, or it paves the way for further downside. The market is on edge. Eyes on volume, structure, and reaction at the key zones. This is where patience meets precision. Only the disciplined will win this battle.
