Here’s the technical analysis and intraday signal for $CFX /USDT based on the provided 1H chart:
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Technical Analysis
Trend: After peaking at $0.2799, CFX saw a sharp correction and found support near $0.2073. Price is now attempting a recovery.
Moving Averages (MA5 & MA10): MA5 is above MA10, showing short-term bullish momentum.
MACD: Positive histogram is starting to form, indicating growing buying pressure.
RSI(6): At 69.63, nearing overbought but still with room to push higher.
Volume: Increasing slightly during the latest move up, suggesting accumulation.
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Intraday Trading Signal – CFX/USDT
Bias: Short-term bullish, but watch for resistance around $0.2380–$0.2400.
Entry Point(s):
Aggressive Buy: $0.220 – $0.223 (current consolidation)
Conservative Buy: On pullback near $0.215 – $0.217 (support zone)
Stop-Loss:
Aggressive Entry: $0.210
Conservative Entry: $0.205
Take-Profit Target(s):
1. TP1: $0.233 (recent resistance)
2. TP2: $0.238 – $0.240 (key resistance zone before major breakout)
3. Extended TP: $0.250 if bullish momentum accelerates
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Risk Tip: If RSI crosses 75+ and price stalls near resistance, consider securing profits early.
