CGPT LOSES BOTH SHORT-TERM MAs — SELLERS TAKE CONTROL
$CGPT is showing weakening 1H momentum after rejection from $0.02365. Price has fallen below the 7 MA and 25 MA, while the rebound remains unable to reclaim the $0.0223 area, favoring a cautious short setup.
$CGPT /USDT — SHORT
Trade Plan
Entry: $0.02210–$0.02235 on a healthy retest SL: $0.02305 TP1: $0.02081 TP2: $0.02053 TP3: $0.02043
Why this setup?
The 1H structure turned bearish after the sharp rejection from $0.02365 followed by a heavy sell-off. Price is now trading below both the 7 MA at $0.02231 and 25 MA at $0.02233, showing that short-term momentum has shifted to sellers.
The $0.02210–$0.02235 zone is the key reclaim area because it overlaps the two short-term moving averages and the recent breakdown region. A failed retest there would keep downside pressure active, while the rising 99 MA around $0.02081 becomes the first major support.
Avoid chasing the current red candles; a bounce into the MA resistance zone offers a cleaner risk-defined entry. A sustained move back above $0.02305 would weaken the bearish setup.
Let price retest resistance before entering; disciplined risk matters more than catching every move. $CGPT
$CGPT is showing weakening 1H momentum after rejection from $0.02365. Price has fallen below the 7 MA and 25 MA, while the rebound remains unable to reclaim the $0.0223 area, favoring a cautious short setup.
$CGPT /USDT — SHORT
Trade Plan
Entry: $0.02210–$0.02235 on a healthy retest SL: $0.02305 TP1: $0.02081 TP2: $0.02053 TP3: $0.02043
Why this setup?
The 1H structure turned bearish after the sharp rejection from $0.02365 followed by a heavy sell-off. Price is now trading below both the 7 MA at $0.02231 and 25 MA at $0.02233, showing that short-term momentum has shifted to sellers.
The $0.02210–$0.02235 zone is the key reclaim area because it overlaps the two short-term moving averages and the recent breakdown region. A failed retest there would keep downside pressure active, while the rising 99 MA around $0.02081 becomes the first major support.
Avoid chasing the current red candles; a bounce into the MA resistance zone offers a cleaner risk-defined entry. A sustained move back above $0.02305 would weaken the bearish setup.
Let price retest resistance before entering; disciplined risk matters more than catching every move. $CGPT