$CFX /USDT – SHORT SETUP ALERT
CFX is showing signs of exhaustion after failing to sustain above 0.2032 resistance, with selling pressure building near intraday highs. The recent rejection candle and narrowing range suggest a potential downside move if support levels give way.
Trade Plan (Bearish Bias):
Entry Zone: 0.2005 – 0.2020 (near current consolidation top)
Target 1: 0.1980 (first support zone)
Target 2: 0.1960 (key breakdown level)
Target 3: 0.1930 (extended move if momentum accelerates)
Stop Loss: 0.2036 (above recent high)
Analysis:
Failure to break and hold above 0.2032 indicates a short-term reversal risk.
If 0.1980 support is broken with volume, a stronger sell-off could follow.
Risk management is key, as a quick reclaim above 0.2036 would invalidate the short bias.