$CFX 🚨 CFXUSDT Quick Technical Breakdown (15m Chart) 🚨
Current Price: $0.21140 (-4.64%)
Pair: CFX/USDT Perpetual
📉 Market Pressure Building – Short-Term Pullback in Play 📉
🔹 15m Chart Analysis – Intraday Trend
🔻 Price recently hit resistance near $0.23536, followed by consistent lower highs.
❌ Bearish crossover confirmed: MA(7) < MA(25) < MA(99)
📊 Volume tapering off – bulls losing steam short term.
⚠️ Support Zone: $0.208 - $0.210
🔼 Resistance: $0.21550 - $0.22150
🔹 Short-Term Bias: Bearish
Until a breakout above MA(25) & MA(99), the downtrend remains in control.
Potential rebound only if price reclaims $0.2155 with strong volume.
🎯 Trade Strategy Summary 🎯
🟢 Entry Zone for Long:
Conservative: On reclaim of $0.21550
Aggressive: Bounce from $0.208
🔴 Short Opportunity:
Below $0.211 with confirmation
Targeting pullback to $0.208 - $0.203
📉 Stop-Loss:
Long trades: SL below $0.208
Shorts: SL above $0.216
🎯 Target Zones:
TP1: $0.2155
TP2: $0.2215
TP3: $0.225
📊 Volume Profile
Today: -5.39%
7 Days: +1.88%
30 Days: +179.26%
Momentum exists but fading short-term
💡 Conclusion:
Watch the $0.208-$0.210 area closely. If support holds and price breaks back above MA(25), it may flip bullish again. Until then, trend favors the bears.
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