📈 $CFX Primed for Explosion? Here's What Pros Are Watching


Hey traders👋, let's look at $CFX:


Current price: $0.2121 (▲12.88%)
24h range: $0.1823 - $0.2195


📊 Current Analysis:


CFX has been rising sharply, up 12.88% with solid volume behind the move. The chart structure is starting to look more constructive. Here are the key levels I'm watching:


🔺 Resistance Levels:
1. $0.2163 - Immediate resistance that needs to break for continuation
2. $0.2217 - Stronger resistance that could cap larger moves


🔻 Support Levels:
1. $0.2079 - Initial support where buyers might step in
2. $0.1805 - Critical support that must hold for current structure


💡 Trading Considerations:


While the trend looks promising, consider waiting for pullbacks to support levels for better risk/reward entries.


For those considering positions:
• Potential entry zone: $0.2079-$0.2163
• Stop considerations: Below $0.1805 for longs / above $0.2217 for shorts
• Initial targets: $0.2163 then $0.2217 if bullish / $0.2079 then $0.1805 if bearish


What's your take on CFX's current setup? Are you:
- Seeing opportunities here?
- Waiting for more confirmation?
- Have a different perspective on these levels?


Let me know in the comments - I always appreciate different viewpoints!


Remember: Markets can change quickly. Always manage your risk accordingly.


#Crypto #Trading #Binance #CFX #Bullish #DYOR