A bet on a 70% probability of a crash for $CFX ! Who has planted bombs in the CFX buying frenzy??
The reason for the recent surge in CFX was due to the offshore RMB stablecoin and the 3.0 upgrade, which saw a monthly increase of 250%! Historical data shows that after being overbought, the probability of a correction within 72 hours exceeds 70%!
This decline is a typical technical profit-taking! I've noticed that whales have been accumulating heavily in the $0.15–$0.22 range, and recently they've been selling off in batches, creating a false breakout illusion to attract retail investors to follow suit. Meanwhile, the exchange's spot inventory has sharply decreased, reflecting the heightened FOMO sentiment among retail investors, who have become the main buyers!
Rational allocation, be wary of overbought corrections! I will be laying out a godly order next, those who understand will come!!!
