๐ ๐ฅ$CFX /USDC Trade Setup
๐ฅ Bounce or Breakdown? Letโs trade the reaction!
๐ฅ$CFX / just tapped a key support at 0.1797, showing signs of exhaustion after a steep drop. With Bollinger Bands tightening and momentum slowing, weโre watching for a potential relief rally or continuation.
๐ฏ Targets if Bounce Holds:
๐ฏ- Target 1: 0.1850 โ reclaim of mid-band resistance
๐ฏ- Target 2: 0.1920 โ previous local high
๐ฏ- Target 3: 0.1986 โ upper Bollinger Band & key resistance zone
๐ Invalidation:
Break below 0.1700 could trigger further downside. Manage risk accordingly.
๐ก๏ธ Risk Tip:
Use tight stop-losses and scale in only if volume confirms reversal. This setup favors quick scalps or short-term swing entries.
๐ฌ โSmall accounts win by reacting, not predicting. Let price prove itself first.โ
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