Something big has happened! CFX has suddenly surged by 14%. Short-term pullback risk alert, holders take note!
CFX has recently surged suddenly, increasing over 14% in 24 hours, with prices shooting up to around 0.21, attracting both retail and institutional investors.
Why the surge? In August, a major technical upgrade is happening, with strong policy backing. It is the only compliant public blockchain in China, participating in Shanghai's cross-border settlements and the State Grid. The Hong Kong stablecoin AxHKD is about to be launched, leading to a frenzy of capital inflow, with whales adding 20 million tokens, and futures sentiment reaching a peak.
What to pay attention to? The short-term increase is too rapid, and a pullback may occur. The technology is overbought, with a liquidation risk of $369 million. Key price levels: 0.219-0.24 is resistance, 0.194-0.17 is support, and if it breaks down, it may drop to 0.15.
Sister Rong suggests a strong bullish logic for the medium to long term, but don't chase high prices! Wait for a pullback to around 0.194 to buy, and set strict stop-loss orders.
The more chaotic the market, the more you need to choose targets with background and expectations. CFX meets all three points, and now is the window for positioning, but patience is required!
If you're always unsure, you can follow Sister Rong's lead. The winning streak of the team is still ongoing. For brothers who want to follow the Divine Strategy and learn the methods, Sister Rong is here waiting for you.
