$CFX

$CFX /USDT – Sharp Drop After Fakeout Above Resistance! ⚠️

Current Price: 0.2127

📉 Market Structure:

$CFX spiked above 0.2300 but quickly reversed, trapping late buyers and triggering a cascade of red candles. The 1H chart now shows a bearish engulfing structure, with price hovering just above key support.

📊 Trade Setup (Short):

Entry Zone: 0.2120 – 0.2160

Target 1: 0.2040

Target 2: 0.1970

Target 3: 0.1910

Stop Loss: 0.2200

💡 Pro Tip:

Volume is fading on the retest—watch for a breakdown below 0.2100 to confirm continuation. Avoid longs unless price reclaims 0.2220 with volume.