$CFX /USDT Perpetual Trading Analysis
๐ Current Price: $0.08529 (-7.55%)
๐ 24h High/Low: $0.09295 / $0.08440
๐ 24h Volume: 133.84M CFX / 11.70M USDT
๐ Mark Price: $0.08535
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๐ Market Insights
๐ป Bearish sentiment with a sharp 7.55% decline.
Price testing support near $0.08440 (24h low).
Moving Averages indicate mixed momentum:
MA(7): $0.08537 (Short-term trend)
MA(25): $0.08514 (Potential support)
MA(99): $0.08797 (Major resistance for recovery)
Resistance Levels:
$0.08584 - Immediate resistance (Break needed for any upside)
$0.08754 - Short-term resistance (Possible rejection area)
$0.08956 - Strong resistance (Major test for bulls)
$0.09093 - Major resistance (Breakout above this would indicate trend reversal)
Support Levels:
$0.08440 - Key support (Currently holding)
$0.08414 - Critical support (Break below may lead to further decline)
$0.08250 - Psychological support (Last defense before a major drop)
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๐ Potential Trading Strategies
๐ข Buy on Dip (If Support Holds at $0.08440 - $0.08414)
Entry: $0.08450 - $0.08500
Target: $0.08584 - $0.08750
Stop-Loss: $0.08390
๐ป Short Trade (If Price Rejected at $0.08754 - $0.08956)
Entry: $0.08750 - $0.08900
Target: $0.08550 - $0.08450
Stop-Loss: $0.09000
๐ Long Trade (If Price Breaks Above $0.09093 and Holds Above MA(99))
Entry: $0.09100 - $0.09200
Target: $0.09250 - $0.09350
Stop-Loss: $0.08950
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โ ๏ธ Risk Warning
If price drops below $0.08414, next support is around $0.08250.
Break above $0.08754 may signal short-term recovery.
Volatility is high, so use tight stop-loss orders.
Would you like RSI or MACD confirmation for further insights?
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