$CFG /USDT BEARISH BREAKDOWN SETUP
Market structure on lower timeframes shows rejection from intraday resistance zone with repeated failure to sustain above supply, indicating continued bearish pressure and potential downside continuation. Price action is currently consolidating near support, but momentum favors sellers unless a strong reclaim occurs.
SHORT ENTRY ZONE
0.2420 – 0.2445 (on breakdown confirmation below intraday support)
TARGETS (TP)
TP1: 0.2390
TP2: 0.2358
TP3: 0.2320
STOP LOSS (SL)
0.2495 (above key resistance and recent rejection zone)
RISK MANAGEMENT
Risk only 1–2% of total capital per trade. Avoid averaging losing positions. Move stop loss to breakeven after TP1 is achieved to secure capital and reduce downside risk.
#CFGUSDT #CryptoAnalysis #TechnicalAnalysis #ShortTrade #DeFi $CGPT
