$CGPT We saw a significant liquidation of long positions for CGPT at $2.7799K, triggered by the price hitting $0.23314. Let’s break down what could happen next and how to trade CGPT based on technical analysis.

1. Current Market Sentiment.

The liquidation suggests a high level of panic or sudden price movement. After such a large liquidation, prices may experience volatility, either bouncing back or continuing to fall depending on how traders react. It’s essential to track the market closely.

2. Buy Zone.

To enter a position, we’ll focus on key levels where the price might find support.

Primary Buy Zone. If the price drops to around $0.22000 - $0.22500, there might be a strong chance to buy, as this area could act as support based on past price action.

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