$CFX USDT โ€“ Nasty Rejection After Fake Breakout ๐Ÿ˜ฌ

Current Price: $0.2127

Well... that didnโ€™t last long. CFX made a slick move above $0.2300, looked like it wanted to break out โ€” but then rugged hard. Classic fakeout. Late buyers got caught chasing, and now weโ€™re seeing some heavy red follow-through.

๐Ÿ” Quick breakdown:

On the 1H chart, weโ€™ve got a clean bearish engulfing candle. Price is hanging just above key support, but the bounce looks weak โ€” fading volume and no momentum. Not a great look for bulls right now.

๐Ÿง  Hereโ€™s the short setup Iโ€™m watching:

Entry Zone: $0.2120 โ€“ $0.2160

Target 1: $0.2040

Target 2: $0.1970

Target 3: $0.1910

Stop Loss: $0.2200

โš ๏ธ Heads up:

If price cracks below $0.2100 with volume, it could open the floodgates. Iโ€™m staying away from longs unless we reclaim $0.2220 with strength โ€” and honestly, that seems like a stretch right now.

๐Ÿ‘‡ Drop a "CFX BEAR MODE" if you caught the fakeout and are eyeing the short.

Letโ€™s see if this one plays out. Stay sharp out there.