Will #CFX succeed in bouncing from the bottom
The CFX currency is currently trading at 0.178 USDT after touching its lowest level at 0.166 USDT with a Hammer candlestick near the lower Bollinger Band
Key technical signals
RSI indicator at 19 ➝ Strong oversold area and potential for a bounce
MACD is still in the negative zone ➝ Need for bullish confirmation
The price is close to a major support ➝ Could be a launch point if it holds at 0.166
Potential strategy
Gradual entry near 0.175 – 0.178
Initial targets at 0.190 – 0.195
Stop loss below 0.165
In your opinion, is 0.166 the last bottom for CFX before a new rise, or is the decline not over yet?
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