$CFX /USDT Trading Strategy

Market Insight:

$CFX is currently in a downtrend, trading at 0.0945, which is near its 24h low of 0.0933. The price is significantly below the SAR level of $0.1021, suggesting ongoing bearish momentum. However, high volume (174.81M CFX) indicates active participation, which could support a short-term reversal or bounce.

Entry:

✅ Buy Range: $0.0895 – $0.0940

(Close to support zone, and just below current price. Wait for signs of consolidation or bullish candlestick on lower timeframes.)

Targets:

🎯 Target 1: $0.0988

🎯 Target 2: $0.1033

🎯 Target 3: $0.1070

Stop Loss:

❌ $0.0875 (Below recent low and psychological support)

Key Levels

Support: $0.0933 / $0.0892

Resistance: $0.0988 / $0.1033 / $0.1070

SAR Resistance: $0.1021

Pivot Zone: $0.0945 (current price area)

Pro Tip

Watch for a bullish engulfing or double bottom pattern around the $0.093–$0.094 zone. If volume increases on green candles near support, it could signal a potential rebound. Avoid entries if price breaks and closes below $0.089, as further downside may follow.

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