📊 $CFX /USDT – Short Trade Setup
⏰ Timeframe: 4H
💰 Current Price: 0.1921
🛡 Support Level: 0.1867
🚧 Resistance Level: 0.2147
🎯 Entry Zone: 0.1910 – 0.1940
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📉 Trade Targets:
• TP1: 0.1880 🛑
• TP2: 0.1830 ⚠️
• TP3: 0.1750 🎯 (final target)
⚠️ Stop Loss: Above 0.2020 — Capital protection is essential!
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🔥 Market Insight:
$CFX has shown strong bearish momentum after failing to hold above 0.2147 resistance. Price is now trading below key support-turned-resistance levels, indicating ongoing seller dominance.
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📌 Why Short?
• Downtrend Confirmation: The price has dropped significantly from 0.2799 to current levels, forming lower highs and lower lows.
• Weak RSI: RSI(6) is at 33, near oversold but still bearish, supporting continued downward pressure.
• Bearish Volume Profile: Decreasing buying volume and dominance of red candles confirm seller control.
• No Bullish Reversal Signs: There are no strong bullish engulfing candles or trend reversal signals.
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💡 Caution:
If price reclaims 0.2020 with strong volume, reevaluate short positions and watch for reversal signals.
💪 Motivation:
Trading with the trend increases success probability — ride the bearish wave with discipline and secure profits step by step!