$CGPT /USDT: Consolidation or Breakout Ahead?
Current Price: $0.3074 (-3.70%)
$CGPT is in a tight consolidation range after a sharp move from its low of $0.2836. The price is struggling to reclaim its 25 EMA, signaling uncertainty among traders.
š Long Entry:
Buy Zone: $0.3000 - $0.3100
Target 1: $0.3300
Target 2: $0.3500
Stop Loss: $0.2800
š Short Entry:
Sell Zone: $0.3150 - $0.3250
Target 1: $0.2900
Target 2: $0.2700
Stop Loss: $0.3400
Technical Observations
EMA (7): $0.3073 ā acting as immediate resistance.
EMA (25): $0.3130 ā indicating bearish pressure.
The failure to close above $0.3200 could result in further downside, while a breakout above $0.3300 would signal strength.
Market Sentiment: Neutral, awaiting confirmation of direction.