$CGPT Here’s a breakdown of the recent short liquidation on $CGPT.

1. Recent Liquidation Details.

Short Liquidation Amount. $8.4187K

Price at Liquidation. $0.27481

This is a significant short liquidation, meaning traders who were betting against the price of $CGPT expecting it to fall had to close their positions, buying back the token to cover their losses. This can lead to a price surge because it creates buying pressure in the market.

2. Market Analysis & Next Steps.

Current Trend.

With a large short liquidation, we are seeing an increased chance of upward momentum, but it's essential to watch for signs of consolidation or pullback before making any buying decisions.

Buy Zone.

Primary Buy Zone. $0.27000 - $0.28000

This range shows potential support where the price might hold before continuing upward.

Target Levels.

Short-Term Target. $0.30000

If the buying pressure continues after the liquidation, we could see $CGPT reach $0.30 or slightly higher.

Medium Term Target. $0.32000

If the market momentum is strong and the price sustains, the next logical target would be around $0.32.

Stop Loss.

Stop Loss Level. $0.26000

If the price falls below $0.26, it might indicate a reversal or bearish pressure, so a stop-loss here can help protect your investment.

3. Final Thoughts.

The short liquidation has created a significant spike in buying pressure, which is a positive sign for $CGPT. However, it's important to monitor the price action closely around the buy zones and target levels mentioned above.

Always trade with caution and use stop loss orders to protect your capital in case the market moves against you.

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