$CFX Brutal Breakdown: Can $0.1650 Hold or Will Bears Drag It Lower?
CFX is under intense selling pressure, now trading at $0.1659, down a staggering 24.86% in the last 24 hours. After losing critical support around $0.1900, the price has plunged toward the daily low of $0.1657, which now acts as a last defense before deeper losses.
Key Levels to Watch
• Resistance Zone: $0.1800 – $0.1900
If bulls reclaim this range, recovery targets include:
• Target 1: $0.1980
• Target 2: $0.2100
• Support Zone: $0.1650 – $0.1600
If broken, further downside may extend toward:
• Target 1: $0.1520
• Target 2: $0.1450
Trade Setup – High-Risk, High-Reward Zone
• Bullish Entry: Break back above $0.1800 with increasing demand
• Target 1: $0.1980
• Target 2: $0.2100
• Bearish Entry: Close below $0.1650 with rising sell volume
• Target 1: $0.1520
• Target 2: $0.1450
Final Take:
CFX is in freefall, but the $0.1650 level is key. If bulls defend this zone, a relief rally might follow. However, continued weakness below this mark could open the door to a fresh leg lower. Watch for volume divergence or bullish reversal signs before entering.