$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.
📣 Drop “CFX BEAR MODE” if you're shorting this reversal!