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Trading Ideas: $CGPTUSDT
Overall background and price dynamics
The coin is relatively new, with only a few candles on the daily chart (D1). This indicates that there are almost no global support/resistance levels, and volatility may be high.
The current movement is rather downward: the price has dropped from ~0.29 to ~0.21, and on 15m/1h charts, most local peaks are consistently lower than the previous ones.
The coin is relatively new, with only a few candles on the daily chart (D1). This indicates that there are almost no global support/resistance levels, and volatility may be high.
The current movement is rather downward: the price has dropped from ~0.29 to ~0.21, and on 15m/1h charts, most local peaks are consistently lower than the previous ones.
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