$CFX Long Liquidation Alert

Liquidation Amount: $6.4521K

Liquidation Price: $0.24711

What Happened?

A significant long position in #CFX was liquidated as the price fell to $0.24711.

This indicates that sellers have gained control,

pushing the price downward and forcing leveraged positions to close.

What’s Next?

1. Further Downside:

If bearish momentum persists, #CFX could test lower support levels around $0.240 or below.

2. Potential Rebound:

Buyers may step in near $0.247 to defend this level

triggering a recovery attempt back toward $0.255.

Key Levels to Watch:

Support: $0.240, $0.230

Resistance: $0.255, $0.265

Trading Tips:

For Bulls: Wait for signs of stabilization at key support levels before entering.

For Bears: Look for confirmation of a breakdown below $0.240 to target lower levels.

Market Sentiment:

This liquidation highlights short-term bearish pressure on CFX.

Traders should monitor trading volume and market sentiment to anticipate the next move. Stay cautious with leverage!

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