$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.

šŸ“ˆ Long Entry:

Buy Zone: $0.3000 - $0.3100

Target 1: $0.3300

Target 2: $0.3500

Stop Loss: $0.2800

šŸ“‰ 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.

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