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$CGPT
A long liquidation on CGPT indicates bullish positions were forced to close, increasing short-term selling pressure and signaling a temporary shift in momentum. The $1.08K liquidation is relatively small, but price is now testing an important demand zone where buyers may look to step back in.
EP
$0.01870 – $0.01900
TP
TP1: $0.01960
TP2: $0.02040
TP3: $0.02130
SL
$0.01830
Support: $0.01860 – $0.01870
Resistance: $0.01960 – $0.02040
Next Target: $0.02130 if CGPT reclaims $0.01960 with strong buying volume and sustained momentum. A break below support could trigger another liquidity sweep before buyers regain control.
Price is consolidating near a key support area following the liquidation event. A confirmed bounce from support and a breakout above resistance would strengthen the case for a bullish recovery.
$CGPT