7.20 CFX Market: Rocket Rise, Quickly Seize the Wave!
CFX violently surged, jumping from a low of 0.15239, bulls are fully charged.
Looking at the 1-hour chart, MA7 and MA30 are in a bullish arrangement, the short-term trend is strong, but after a high surge, selling pressure is evident.
Key Levels:
Support at 0.135 - 0.14 (moving average defense zone), resistance at 0.15 - 0.152 (previous high checkpoint)
Quick Operations Overview:
- After a pullback to 0.135 - 0.14 stabilizes, buy low on long positions, target 0.15, stop loss at 0.13.
- Break above 0.152 to chase long, target 0.155+, stop loss at 0.15.
- If a rebound at 0.15 encounters resistance, take a light short position, target 0.14, stop loss at 0.153.
After a violent surge, consolidation is inevitable. Keep an eye on the levels, and execution will yield profits! (Set your stop losses, don’t go all in)
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