$CFX

Bearish Outlook

- Breakdown below support

$CFX is trading at $0.0992 (-4.15%), steadily declining from a high of $0.1057. It is now testing critical short-term support around $0.0965 - a breakdown below may invite further selling pressure.

Key Technical Levels:

Resistance:

$0.1000 (Psychological level)

$0.1030

$0.1050

Support:

$0.0965 (24-hour low)

$0.0940 (Previous bounce area)

$0.0900 (Key floor)

Current price: $0.0992

Bearish trading idea (Short):

Entry: $0.0990–$0.0985 (below slight bounce)

Take Profit (TP): TP1: $0.0965

TP2: $0.0940

TP3: $0.0900

Stop Loss (SL): $0.1015 (above last resistance)

> Confirm with a 15-minute - 1-hour candle close below $0.0985 + increase in volume before entering.

Quick Note:

CFX has reasonable trading volume (82.42M), but buyer interest is waning. Unless bulls reclaim $0.1010 and above, the trend favors bears.

Summary:

CFX is in a downtrend, testing support, and showing signs of weakness. If $0.0965 fails to hold - expect a drop to $0.0900. Be cautious and follow the momentum!