Everyone is chasing the pump on $CGPT ‌ but the daily chart is telling a different story.

We just wicked all the way up to 0.03000 and got a sharp rejection. Right now the price is sitting at 0.02689 and you can see the sellers stepping in heavy at those local highs. It’s been a solid run from the 0.01754 bottom but we are starting to look a bit overextended here.
The key is whether we can hold 0.02514 as support. If that level snaps we could easily see a retrace back toward 0.02240 to fill that gap. On the flip side if we consolidate here and the volume stays high another attempt at 0.030 is possible.
I’m personally waiting for a bit more cooling off before I even think about an entry. Buying at the top of a parabolic move is how most people get stuck holding bags for months.
Are you taking profits here or betting on a breakout? Stay safe out there.

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