🔻 $CFX / USDT – SHORT SETUP (Parabolic Surge + RSI Above 90)
Commentary:
$CFX just exploded +42.29%, climbing rapidly with strong green candles and printing a new high at $0.26993. The RSI(6) is at 91.19, indicating extreme overbought levels. Volume is surging, potentially signaling a buying climax. Price has significantly deviated from MA(7) and MA(25), making it a strong mean-reversion candidate.
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🔴 Short Setup Plan (15m Chart)
Resistance: $0.2699 (recent high)
Entry Zone: $0.2660 – $0.2685 (look for rejection wick or bearish candle)
Stop Loss: $0.2740 (above spike high)
🎯 Target Levels
TP1: $0.2560 (small support & recent consolidation)
TP2: $0.2430 (near MA7)
TP3: $0.2300 (near MA25 zone)
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📌 RSI(6): 91.19 – classic exhaustion zone
📌 Volume: Rising sharply – could be a blow-off top
📌 Trend Bias: Parabolic and risky for fresh longs
📌 Candle Behavior: Extended bodies = unsustainable pace
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