$CFX
– SPIKE AND DIP, IS SUPPORT HOLDING STRONG?
WICK REJECTION. POTENTIAL REVERSAL BREWING.
$CFX shot up to $0.2332 before sharply rejecting, triggering a pullback toward the $0.2075 low. After a brief consolidation, bulls are showing signs of a small bounce from $0.2110–$0.2120, trying to reclaim lost ground.
Long Trade Setup
Entry Zone: $0.2115 – $0.2135
Stop Loss: $0.2065
Target 1: $0.2205
Target 2: $0.2260
Target 3: $0.2330
If price reclaims the $0.2170 level with strong volume, the bullish scenario may resume. Otherwise, expect more chop within the current range.
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