๐ CFX Daily Update
Current Price: $0.178
RSI(6): 27 โ oversold zone
๐ What this means:
RSI this low usually signals exhausted sellers and potential short-term bounce.
Price is sitting right on a key support area ($0.175-$0.18).
If this level holds, buyers may step in and push toward $0.20-$0.23 next.
โ ๏ธ But caution:
If $0.175 support breaks, next support lies lower at $0.145โ$0.17.
Volume is key, without strong demand, price could keep drifting.
๐ฏ Bias:
Long (short-term) if $0.175 holds with RSI rebound confirmation.
Short only if breakdown happens below $0.175 with momentum.
๐ก Summary for traders:
Right now, $CFX is oversold and near a critical bounce zone. Smart play = watch for confirmation before entering. Risk small, target the upside if support holds.