$CFX Technical Analysis

Trend: After peaking at $0.2799, CFX experienced a sharp correction and found support near $0.2073. The price is now attempting to recover.

Moving Averages (MA5 and MA10): MA5 is above MA10, indicating short-term bullish momentum.

MACD: The positive histogram is starting to form, indicating increasing buying pressure.

RSI(6): At 69.63, it is approaching the overbought territory but still has room to push higher.

Volume: Slightly increasing during the recent upward movement, indicating accumulation.

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Daily Trading Signal – CFX/USDT

Trend: Short-term bullish, but watch for resistance around $0.2380–$0.2400.

Entry Points:

Aggressive Buy: $0.220 – $0.223 (current consolidation)

Conservative Buy: on a pullback near $0.215 – $0.217 (support area)

Stop Loss:

Aggressive Entry: $0.210

Conservative Entry: $0.205

Profit Taking Targets:

1. TP1: $0.233 (recent resistance)

2. TP2: $0.238 – $0.240 (major resistance area before a big breakout)

3. Extended TP: $0.250 if bullish momentum accelerates

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Risk Advice: If RSI exceeds 75+ and the price stalls near resistance, consider securing profits early.