$CFX : Big Jump, Big Risk?
#CFX 's price has surged dynamically, reaching ~0.1492 USD, with strong volume. This has pushed the price well above all moving averages (MA7, MA25, MA99), signaling a strong uptrend.
BUT... beware of the traps!
Sharp Rise = Sharp Correction: When the price rises so quickly, sudden profit-taking often follows. Those who bought low will want to cash out, which can trigger a rapid decline.
Distance from MAs: The price is now very far from the moving averages. In the short term, the market often tends to "normalize" and return to these averages. This means a potential correction towards MA7 (~0.1371 USD) or even MA25 (~0.1142 USD).
Lack of "Fresh Blood": After such a rapid rise, new buyers might hesitate to enter, fearing they've "missed the boat." This can limit further gains.
Pump & Dump? Always be vigilant for suspicious, rapid surges in low-cap altcoins, especially without clear fundamental news. Always check what's driving the move!
