$CFX
🚨 QUICK ANALYSIS FOR 'CFXUSDT' FUTURES 🚨
⌛ [Used Timeframe] 1m, 15m, 4h ⌛
📈 Trend Direction (Futures): Bearish. Multi-timeframe alignment shows descending triangle breakdown on 1m/15m, with 4h chart confirming lower highs and SuperTrend indicator pointing downward. EMA(5,20) cross confirms short-term momentum.
💰 Entry Price: 0.1690 - 0.1692 (short). Confirmed by confluence of 50% Fibonacci retracement (0.1691), 200-period MA resistance (0.1700), and bearish EMA cross.
🎯 Targets: (Adjusted for 3:1 Risk-Reward):
🌟 TP1 ➤ 0.1680 (first swing resistance break)
🌟 TP2 ➤ 0.1670 (mid-level Fibonacci zone + volume peak)
🌟 TP3 ➤ 0.1660 (final target near 61.8% extension)
🛑 Stop Loss🫸: 0.1702 (placed above recent swing high at 0.1701). Risk: ~1.2% (0.0022 per contract).
📢 LEVERAGE X5-X10 🔥
🪩 Order Book: 56.14% bids vs 43.86% asks (1m chart). Liquidity imbalance favors shorts near 0.1688-0.1690.
✨ Fibonacci Levels:
☄️ 0.1691 (50% retracement acting as dynamic resistance)
☄️ 0.1680-0.1670 (mid-zone with 38.2% retracement)
☄️ 0.1660 (161.8% extension aligns with TP3)
☄️ Confluence at 0.1688 (order block + fair value gap)
💧 Liquidity: Nearest stop clusters between 0.1700-0.1705 (above entry).
🗞️ News Sentiment: No major crypto news impacting CFX today. Market focus remains on broader altcoin weakness post-FOMC.
📝 NOTE: Sharp insight - Price rejected key MA(200) resistance twice (0.1700-0.1705) with declining volume, confirming bearish exhaustion. Short setup validated by CCI(-107.67) oversold divergence and descending channel breakout.
