$CFX 🚀 BULLISH MO.ENTUM 🚀
Market Overview & Context
Current Price: ~$0.2111 USDT
24H Volume: ~$68 million — healthy liquidity ([turn0search4])
Recent Action: CFX has rallied ~150–180% month-over-month, now consolidating after strong gains ([turn0search9]turn0search4)
Trend Setup: On trading platforms like Binance Square and Bitget, technical analysis shows mixed-to-bullish bias; price has established a possible double-bottom base around $0.2000 ([turn0search9]turn0search15).
📈 Technical Indicators Quick Look
RSI (1H): ~60 – momentum gaining but not yet overbought
MACD (4H): Flattened with hint of bullish crossover
Volume: Rising on dips near $0.20 with resilience shown — institutional accumulation visible
Chart Patterns: Support zone at $0.207–$0.210 tested twice, creating a minor double bottom structure
Bollinger Bands: Slight expansion, indicating building volatility and potential breakout
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🔧 Trade Setups Based on Fibonacci
🟢 Pullback Long (Lower‑Risk Entry)
Entry Zone: $0.1814 – $0.1850 (Fibs 0.618–0.786)
Signal: Confirmation by bullish candle (e.g., engulfing, hammer) + RSI bounce above 50
Targets:
T1: $0.1908 (previous high)
T2: $0.2000–$0.2050 (double bottom neckline & rounding region)
Stop-Loss: Below $0.1780
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🚀 Breakout Long (Momentum Play)
Trigger: Hourly close above $0.1908 on volume > $80M
Entry Range: $0.1910 – $0.1935
Targets:
T1: $0.2000
T2: $0.2100 – $0.2200 (psychological and resistance cluster)
Stop-Loss: Below $0.1860
Disclaimer
This strategy is designed for educational purposes only and does not represent financial advice. Conflux (CFX) is a volatile mid-cap asset—market dynamics can change quickly. Always perform your own research (DYOR), employ sound risk management (stop-losses, position sizing), and never trade with capital beyond what you can afford to lose.
