Here’s a clear and concise technical breakdown of $CFX

/USDT (Conflux) Perpetual Futures:

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📉 CFX/USDT Snapshot

🔹 Metric 💰 Value

Last Price $0.1709 🔻 (-26.59%)

INR Equivalent ₹48.69

24h High $0.2331

24h Low $0.1569

Mark Price ~$0.1709

24h Vol (CFX) 528.15M

24h Vol (USDT) 100.64M

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📊 Technical Indicators

Indicator Value

Volume 1.33M

MA (5) 1.70M

MA (10) 2.99M

📉 Observation: Current volume is below moving averages, showing decreasing momentum — possibly signaling exhaustion of sellers or indecision at support.

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🔍 Key Price Levels

🟥 Resistance:

$0.1812 / $0.1899 – Short-term resistance

$0.1967 / $0.1987 – Strong sell zone

$0.2331 – 24h High

🟩 Support:

$0.1709 – Current price (minor support)

$0.1637 / $0.1569 – Strong support zone

$0.1549 – Deeper support (potential bounce area)

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💡 Strategy Ideas

🐂 Bounce Play

Entry: $0.1580–$0.1640

TP: $0.1800 / $0.1960

SL: Below $0.1520

🐻 Short on Rejection

Entry: $0.1880–$0.1970

TP: $0.1700 / $0.1600

SL: Above $0.2020

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🧠 Summary

⚠️ CFX is in a strong downtrend today (over 26% down), but it's nearing:

Volume support zones

Previous bounce zones

If it holds above $0.1569, we could see a dead-cat bounce or short-covering rally.

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