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

Current Price: 0.2127

📉 Market Structure:

$CFX rose 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 the price floating 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

💡 Professional Tip:

Volume is decreasing on the re-test—watch for a break below 0.2100 to confirm continuation. Avoid longs unless the price recovers 0.2220 with volume.