$CFX USDT Trade Idea – 15-Minute Chart
Current price action shows $CFX USDT bouncing strongly from a demand zone around 0.0773 to 0.0776. This zone has held as support multiple times, and the recent candle structure suggests buyers are regaining control.
Trade Setup: Type: Long (Buy)
Entry Price: Between 0.0778 and 0.0781
Target Price: 0.0793
Stop Loss: 0.0773
Reason for Trade:
Price bounced from a well-tested support zone. Volume increased slightly near the reversal, indicating bullish interest. If the price breaks above the recent minor resistance, there’s potential for a quick move to the target level.
Risk Management:
Risk is low with stop loss placed just below the demand zone. Target offers a favorable risk-to-reward ratio.
Market Insight:
The trend is showing signs of short-term continuation. As long as the price remains above 0.0773, the bullish setup remains valid. Watch for a clean break above 0.0783 for confirmation.
BUY AND TRADE HERE ON $CFX