🚀$CGPT Price Action Update: What's Next for ChainGPT🤔🔐👇
Timeframe: 1H & 4H ⌛
CMP: $0.1024
🧠 Technical Breakdown:
🔸 1H Chart View:📊
$CGPT tried reclaiming the 20 EMA but faced a rejection just below $0.1030. Multiple wicks indicate buyer attempts, yet pressure remains beneath the 50 EMA (approx $0.1048). RSI is hovering near 45.64, with a slight divergence forming—suggesting a mild recovery, but no strong momentum yet.
🔸 4H Chart View:🔰
Price structure remains bearish below key EMAs (20/50/100). While support around $0.1000 held firm with a bullish engulfing candle, bulls now face the test of breaking the $0.1067 level (20 EMA resistance). RSI on 4H is still weak near 35, showing no aggressive accumulation yet.
⚠️ Immediate Resistance Zones:
$0.1048 (1H 100 EMA)
$0.1067 (4H 20 EMA)
$0.1135–$0.1190 (Bearish Block Zone)
✅ Support Levels to Watch:
$0.1000 (psychological & structural support)
$0.0950 (last visible demand wick zone)
🎯 Trade Idea (Cautious Bullish Bias):
If CGPT holds above $0.1000 for the next few candles and 1H RSI crosses above 50, a potential scalp entry could be taken with a TP at $0.106–$0.108 zone.
⛔ SL below $0.0980 (with proper sizing).
💡 ChainGPT remains in a cooling-off phase. Volume hasn’t spiked, but the downside seems cushioned around $0.10. If BTC remains stable, $CGPT might test higher EMAs again. Watch RSI and MA crossovers closely.
🧠 "A patient trader waits for confirmation, not temptation."
— Stay strategic, not impulsive.
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