$CFX /USDT BEARISH SETUP WITH POTENTIAL DOWNSIDE BREAK
$CFX/USDT is showing signs of weakening momentum as price consolidates near key moving averages MA(7), MA(25), and MA(99). The MACD indicator is flat with DIF and DEA converging, indicating indecision and potential for downside movement.
Short entry is recommended on a confirmed break below 0.2065.
Targets:
TP1: 0.2044
TP2: 0.2020
Stop loss should be placed above 0.2109 to limit risk from false breakdowns.
Risk management: Use a 1:2 risk-to-reward ratio and risk only 1-2% of total capital. Confirm volume and momentum before entry to validate the trade setup.
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