Current Market Status
$CFX is now trading at $0.0962 with a strong +9.19% gain, positioning itself right at the local resistance level. The chart shows clear signs of consolidation at the top with strong accumulation patterns forming, suggesting an imminent breakout. If price action breaks above the $0.0965 resistance, we could witness a rapid upward movement.
Trade Setup Details
Entry Zone: $0.0950 – $0.0965 (wait for breakout candle close)
Take Profit Targets:
TP1: $0.0995
TP2: $0.1040
TP3: $0.1100
Stop Loss: $0.0910
Key Technical Levels
Support: $0.0910
Resistance: $0.0965
Market Insight
The tight range consolidation with progressively higher lows indicates underlying strength in this asset. The volume buildup observed in recent candles suggests that a breakout is increasingly likely in the near term.
Pro Trading Tip
For optimal entry, watch for a 15-minute candle that closes decisively above the $0.0965 resistance level, accompanied by noticeable volume confirmation. This combination provides the most reliable signal for entering this trade opportunity.
FASTEN YOUR SEATBELTS for what could be an exciting move in the CFX market