$CFX / USDT – Fakeout Above Resistance, Now Bearish Momentum Building! ⚠️

Current Price: 0.2127

📉 Market Structure Breakdown:

$CFX just pulled a classic bull trap—spiking above the key resistance at 0.2300, luring in breakout traders before nuking right back below. That fakeout above structure flipped into a bearish engulfing on the 1H chart, with strong downside follow-through. We’re now seeing price stall just above the 0.2100 handle, which is acting as short-term support—but pressure is building for a clean break.

> Late longs are trapped, volume is fading, and sellers are stepping in. Textbook reversal setup loading...

📊 Short Setup:

I'm eyeing this as a prime short opportunity, playing the momentum shift post-fakeout.

Entry Zone: 0.2120 – 0.2160

Stop Loss: 0.2200 (tight above recent lower high)

Target 1: 0.2040

Target 2: 0.1970

Target 3: 0.1910

⚠️ Confirmation Trigger: A clean break and close below 0.2100 with rising sell volume would be ideal. Weak bounces into the entry zone can also be shorted with low volume and bearish candle structures (e.g. inverted hammer, shooting star).

🔍 Contextual Notes:

Volume Profile: Bullish volume died off after the breakout—bearish volume is climbing on red candles. That’s a shift in control.

RSI: 1H RSI rolling over from overbought levels—momentum is tilting bearish.

EMAs: Price rejected off the 50EMA, now trading below both 20/50 EMA with increasing distance—a sign of momentum favoring bears.

💡 Pro Tip:

Avoid long bias until 0.2220 is reclaimed with volume. Until then, rallies are for fading.

📣 Drop “CFX BEAR MODE” if you're riding this short!

Let’s see if this trap turns into a full breakdown. Eyes on volume and that 0.2100 zone—it’s the trigger.

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