$CGPT /USDT BEARISH ANALYSIS – LOW VOLUME CONSOLIDATION NEAR SUPPORT, DOWNSIDE RISK INCREASING

Current Price: $0.0968

24h Change: -1.93%

24h High/Low: $0.1010 / $0.0951

24h Volume (CGPT): 11.85M

24h Volume (USDT): 1.16M

KEY LEVELS

Resistance Levels:

R1: $0.0985 – Minor intraday resistance

R2: $0.1010 – 24h high, local top of recent range

R3: $0.1045 – Breakdown zone and previous support

Support Levels:

S1: $0.0950 – Immediate support, tested multiple times

S2: $0.0920 – Stronger historical support

S3: $0.0880 – Previous accumulation zone

MARKET STRUCTURE

CGPT/USDT is in a downward consolidation, trading below key moving averages with flat price action and declining volume. The repeated test of the $0.0950 support suggests buyer exhaustion. Without a decisive move above $0.1010, the pair risks a breakdown.

TRADE SETUP (SHORT)

Entry: $0.0965–$0.0970 (near current level)

Stop Loss (SL): $0.1015 – Above short-term resistance

Take Profit (TP):

TP1: $0.0950

TP2: $0.0920

TP3: $0.0880

> Risk/Reward: Risk under 5% with 10–15% potential reward if downtrend continues. Strong short setup on breakdown confirmation below $0.0950.

SUMMARY

CGPT is at a critical level, hovering above weak support. If $0.0950 fails to hold, the structure favors further downside toward $0.0920 and below. Bullish bias only resumes if the price reclaims and holds above $0.1010 with volume.

Let me know if you'd like a bullish breakout scenario or 4H/1D technical chart breakdown.

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