$CFX is showing clear breakout momentum. After consolidating around the $0.18 level, it has surged toward the $0.21 zone, driven by increased trading volume and positive market sentiment. The recent upward movement of Bitcoin provides additional macro-level support, enhancing the bullish outlook for $CFX.
The price structure appears poised for further gains. A clean rebound from the $0.17 level sets the stage for a potential rally toward the $0.21 target. With rising volatility and volume, traders are closely monitoring $CFX as part of the broader market rally.
Trade Setup:
Entry Zone: $0.1950 – $0.1970
Stop Loss: $0.1850
Take Profit Targets:
TP1: $0.21
TP2: $0.22
TP3: $0.23
Risk Management:
Ensure proper position sizing to manage risk effectively. Consider using trailing stops to lock in profits as the price moves in your favor.