Can CFX still rise? How much can we expect in a bull market???
From a weekly perspective, the real big market for CFX appeared in March 2023, when the Hong Kong concept was extremely popular.
Looking back at that trend, a large number of retail investors actually rushed in after seeing CFX skyrocket, especially with the concentrated buying after reaching $0.2. However, the way the main force sold off was not rough; rather, it gradually distributed shares by creating an illusion of rising through multiple pullbacks, such as repeatedly challenging the previous highs after the peak in 2023, creating the feeling that it would continue to rise, but in reality, it was trapping people.
Looking again at the trend in March 2024, there was another wave of false breakthroughs, taking advantage of part of the inventory. By July this year, it rose from $0.06 to $0.27, which seemed strong, but there were also quite a few tricks involved.
Recently, waiting for this wave of rise, a large bullish candle closed on July 14.
① In a normal strong market, it should continue to rise here, but the following week (July 21) it closed with a large-volume bearish candle.
② This clearly indicates an issue—some people chased it, but others were dumping. By July 28, retail investors saw the previous pullback and thought it was a good entry point, resulting in a large-volume bullish candle.
③ However, it closed with an upper shadow, which is very clear: funds are gradually distributing shares under the guise of good news.
The key good news of "3.0 upgrade + offshore RMB stablecoin" came at a perfectly timed moment, just after the rise, reinforcing the retail investors' illusion of "I was just a step late." This coordinated selling is a typical control strategy.
As I mentioned in my live broadcast, CFX definitely has not reached its peak yet. Currently, CFX's short-term fluctuations do not seem to be a bait for more buyers, but rather a way to wash out investors. As long as the price returns to $0.22 and stabilizes on this momentum, there will basically be a new market trend, with a minimum target of $0.3.
We won't let fans blow up their positions, nor will we blindly engage in big trades.
It's all about seeking victory steadily, advancing step by step. Those who want to profit should get on board quickly!
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