📢 $CGPT / $USDT | 🟢 LONG | ⭐ 69.8%
🎯 Objective: $0.02017. Will it achieve it?
🎯 Trading levels:
🟢 Entry: $0.0196
🛑 Stop Loss: $0.0193
🏁 TP1: $0.02017
🏁 TP2: $0.0205
📈 Analysis:
The price of $CGPT shows a Triple Bottom confirmation (bullish reversal pattern) after detecting buy-side absorption (BUY_ABSORPTION) in support zones. The ADX of 30.3 indicates the uptrend remains strong, while the RSI of 62.83 (momentum indicator) is in the buyer-control zone without reaching extremely overbought levels.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 3/5
The thesis is invalidated if the price loses the technical support at $0.0193 with increasing sell volume. The main objective is to test the POC (Point of Control) at $0.0205, confirming the immediate resistance breakout at $0.019633.
Do you think the current volume is enough to break the resistance at $0.019633?
💡 This analysis is for educational purposes only and not financial advice. Do your own research and decide calmly.
#crypto #CGPT #trading #Futures #Bullish
🎯 Objective: $0.02017. Will it achieve it?
🎯 Trading levels:
🟢 Entry: $0.0196
🛑 Stop Loss: $0.0193
🏁 TP1: $0.02017
🏁 TP2: $0.0205
📈 Analysis:
The price of $CGPT shows a Triple Bottom confirmation (bullish reversal pattern) after detecting buy-side absorption (BUY_ABSORPTION) in support zones. The ADX of 30.3 indicates the uptrend remains strong, while the RSI of 62.83 (momentum indicator) is in the buyer-control zone without reaching extremely overbought levels.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 3/5
The thesis is invalidated if the price loses the technical support at $0.0193 with increasing sell volume. The main objective is to test the POC (Point of Control) at $0.0205, confirming the immediate resistance breakout at $0.019633.
Do you think the current volume is enough to break the resistance at $0.019633?
💡 This analysis is for educational purposes only and not financial advice. Do your own research and decide calmly.
#crypto #CGPT #trading #Futures #Bullish
