$CFX /USDT-Bearish Momentum
Support: $0.173 (previous pivot point)
Resistance: $0.196
Fibonacci Levels:
Retracement Status: Price is testing the 78.6% retracement level at $0.184. A breakout above this level could signal a reversal.
Price Zones:
Support: $0.142 (78.6% retracement)
Resistance: $0.196
Extension Targets: $0.21, $0.235, $0.2814 (Fibonacci extension levels)
RSI (14):
Value: 41.64
Interpretation: Neutral; RSI has exited oversold territory, indicating potential for upward momentum.
Entry Zones:
Safer: Enter near $0.173 with confirmation of support.
Aggressive: Enter near $0.184 upon breakout with volume confirmation.
Take-Profit Zones:
TP1: $0.196
TP2: $0.21 Fibonacci extension level
Stop-Loss Ideas:
Conservative: Place stop-loss below $0.142 to account for potential downside risk.
Tight: Place stop-loss just below $0.173 to minimize exposure.
