🚀 $CFX (Conflux) Trade Setup – Market Update
CFX is showing strong bullish momentum today, currently trading at $0.2347 (+9.5%). The breakout above the $0.225 resistance confirms buyer strength, with increasing volume supporting the move.
📈 Trade Plan:
Entry Zone: $0.228 – $0.235 (on pullback)
Target 1: $0.245 (short-term)
Target 2: $0.260 (mid-term breakout)
Stop Loss: $0.220 (below recent support)
💡 Analysis: RSI is approaching overbought but still has room for further upside. If Bitcoin remains stable, CFX could push toward $0.26 in the coming sessions. A break above $0.245 will likely trigger more buying pressure.
📊 Strategy:
Short-term traders: Buy dips, take profit at resistance.
Swing traders: Hold partial position for breakout potential.
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