🔥"After the Blast: Will CFX Ignite Again or Fade Quietly?"🔥
In the ever-volatile world of crypto, Conflux (CFX) recently gave traders a reason to sit up straight.
📈 Daily Chart (1D): Just a few candles ago, $CFX skyrocketed with a parabolic green candle touching $0.25+, leaving traders stunned. But after that volcanic rise, profit-taking entered, forming back-to-back red candles with long upper wicks — classic signs of exhaustion.
Now? Price is stabilizing above the 20 EMA at $0.1341, showing strong support holding firm.
The RSI still holds above 68, meaning momentum is cooling off but hasn’t completely faded. This is a textbook consolidation phase after breakout — bulls are waiting, not gone.
⚠️ Key Level to Watch:
Support: $0.1340
Resistance: $0.20-$0.22
Breakout Level: A daily close above $0.22 could ignite round 2.
🕐 Hourly Chart (1H): Zooming into the 1H view, $CFX is currently trading at $0.1742, hovering near its 50 EMA. Recent candles show a battle between short-term bulls and bears, with lower highs forming — a mild bearish bias intraday.
RSI at 46.54 is tilting downward below the median line, hinting at temporary weakness or pullback. However, price bouncing from local support around $0.170 suggests dip-buyers are active.
If CFX holds above $0.170-$0.1745 zone, a short-term reversal could develop.
🎯 Trade Plan (One-sided Strategy):
🔵 Bullish Bias - Only If:
Entry above $0.1760
Target 1: $0.1880
Target 2: $0.2050
SL: $0.1675
Duration: 12–24 Hrs
🧠 $CFX had its eruption, now it's simmering. Breakout traders are cautious, but the calm after the storm often builds pressure for the next surge. Let the price decide — don’t jump early.
“Patience is not about waiting; it's about how you act while waiting.”
📛 This post is for educational purposes only and not financial advice. Always do your own research before trading.