$CFX is currently trading at 0.1788 (-1.48%), holding just above its 24h low of 0.1759 after a recent correction from 0.1922. The chart is showing a potential support zone, suggesting a high-probability bounce if buyers step in. Momentum indicators highlight that reclaiming above 0.1800 could trigger a strong upward move toward 0.1920+. โก
๐ Trade Setup (Long):
Entry Zone: 0.1760 โ 0.1780
๐ฏ Targets:
TP1: 0.1840
TP2: 0.1885
TP3: 0.1920 (major resistance)
โ Stop-Loss: Below 0.1710
๐ Key Technical Levels:
Support / Entry Zone: 0.1760 โ 0.1780
Critical Breakout Level: 0.1800 โ volume confirmation here could accelerate gains
Resistance / Targets: 0.1840 โ 0.1885 โ 0.1920
๐ Market Analysis:
โ Price is forming a potential support base, signaling buyers could step in
โ Break above 0.1800 with strong volume may trigger a swift rally toward upper targets
โ Favorable risk-to-reward ratio when entering near support and scaling out at targets
๐ก Risk Management:
Allocate 3โ5% of capital per trade
Move stop-loss to entry after TP1 to protect capital
Scale out profits at TP2 and TP3 for optimal gains
โก Bias: Bullish โ as long as $CFX holds above 0.1760, buyers dominate. A clean breakout above 0.1800 can fuel momentum toward 0.1920+.
๐จ Pro Tips:
Monitor volume spikes at 0.1800 for confirmation of breakout
Keep stop-loss tight to manage downside risk
Use incremental profit-taking to maximize returns
๐ฌ Summary: $CFX is positioned for a potential bullish recovery. Entry near 0.1760 โ 0.1780 offers an attractive setup, with targets up to 0.1920. Stay alert for the 0.1800 breakout to ride the next leg higher!
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