🚨 $CGPT /USDT Plunges 10.8% – Rebound Opportunity or Further Decline? 🚨
$CGPT is currently trading at $0.2320, down sharply from a 24-hour high of $0.2712. After hitting a low of $0.2292, the price is testing key support levels, keeping traders alert for the next move.
Key Levels to Watch:
Support: $0.2292 – A crucial level for bulls to defend.
Resistance Levels:
1. $0.2423 – First target for a potential recovery.
2. $0.2495 – Mid-level resistance for sustained momentum.
3. $0.2580 – A breakout zone that could indicate bullish strength.
Trade Setup:
Upside Potential: Breaking above $0.2423 could spark recovery toward $0.2495 and $0.2580.
Downside Risk: A failure to hold $0.2292 might lead to further declines, so caution is advised.
Market Insight: Watch for volume spikes and candlestick patterns near support to confirm potential reversal signs. Stay vigilant in this volatile setup!
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