CGPT is currently sweeping the order block zone around 0.025, a crucial level that's been tested multiple times in the past few hours, and it's showing tremendous strength. This is a textbook example of a bullish retest, and we're seeing a clear rejection of lower prices.
From a technical standpoint, the higher time frame is looking extremely bullish, with the RSI sitting at 67, indicating that we're not yet overbought. Volume is also 2.4 times the average, which tells me that there's significant interest in this move. The SMC Score is relatively low at 3.6/10, but I'm not too concerned about that given the overall market structure.
Here are the key trade levels to watch:
- Entry: 0.02527
- Take Profit 1: 0.02634 (RR 2.3x)
- Take Profit 2: 0.02794 (RR 5.8x)
- Stop Loss: 0.02481
We're looking for a move to 0.026339, and I want to emphasize the importance of managing risk. This is a high-reward trade, but it's not without its risks.
Followers, get ready to ride the wave - $CGPTUSDT is looking hot right now.
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