📈 CFX/USDT Monthly Chart Analysis
Current Price: $0.2144
24h Change: +14.04% 🚀
24h High/Low: $0.2195 / $0.1823
Moving Averages:
MA(7): $0.1217 (Bullish crossover)
MA(25): $0.1724
🔍 Technical Insights:
Strong Momentum: A significant monthly green candle with a solid breakout above both the MA(7) and MA(25), signaling bullish momentum.
Volume Surge: High volume (322.93M CFX), confirming trader interest and potential continuation.
Price Action: The recent candle shows a wick down and recovery, indicating dip buying and support resilience around $0.18–$0.19 zone.
📊 Trading Signal:
Buy Zone: $0.2050 – $0.2140
Target 1: $0.2400
Target 2: $0.2750
Stop Loss: $0.1890
⚠️ Risk Management Tip: Only risk 1-2% of your capital per trade. Watch for rejection near resistance if momentum weakens.
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