Warning of a disaster: Buy orders worth $16.4K have been liquidated on $CFX at $0.0839!
Whales enjoyed some great moments - buy orders worth $16,452 were liquidated in a single shocking candle!
$CFX dropped sharply, causing losses for excessively leveraged players at $0.0839.
But where there is pain, there is opportunity.
Let's analyze the next big step:
CFX Trading Setup - Technical Analysis (Swing Trading Idea)
Current price: around $0.0842
Market structure: Re-testing the support level after intense liquidation
Sentiment: Fear and excessive selling = High reward area
Buy zone (accumulation area):
> $0.0810 - $0.0845
This area is the battleground. The liquidation wick may act as a strong support reversal point.
Targets (from intraday trading to medium-term):
Target 1: $0.0890 - Recovering local resistance
Target 2: $0.0935 - Structure breakout
Target 3: $0.0980 - Attracting liquidity above the highs
Launch target: $0.1050 - Major resistance area
Stop loss:
> Less than $0.0795
If the price loses this key support, momentum may shift downwards. Close quickly and wait for re-entry.
Key notes:
Relative Strength Index (RSI) close to oversold - likelihood of a rebound
High trading volume on the dip - indicators of smart investors entering
Price rejected the collapse below $0.0839 - bullish signal
Ideal return ratio for disciplined traders
$CFX Traders... Are you ready?
The weak have departed. Now it's your turn.
Hit accurately. Trade with confidence
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