📌 Analysis + Trade $CFX #CFX
Short-term trade – CFX/USDT ⏱️ 1-hour timeframe
Current price: $0.2098.
🔍 Brief technical overview:
The price is consolidating above support at $0.2050 after bouncing from it.
The price is above EMA7 ($0.1985), EMA25 ($0.1581), and EMA99 (~$0.1223), confirming bullish momentum.
>> RSI6 is at ~67 → does not indicate full overbought yet and allows room for upward movement.
🎯 Short-term buy trade setup:
🔰 Entry point: Upon breaking and closing the 1-hour candle above $0.2120
🎯 Short-term targets:
$0.2200
$0.2300
$0.2400
🛑 Stop loss: Below $0.2050
📌 Trader's advice:
Wait for the 1-hour candle to close above $0.2120 with an increase in trading volume, then distribute your positions: exit 50% at the first target and move the stop loss to breakeven, while holding the rest for the remaining targets.