Here is the **technical analysis** for the CFX/USDT
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### ๐ **Current Market Overview:**
* **Current Price:** \$0.1821
* **24h High / Low:** \$0.1933 / \$0.1723
* **Price Change Today:** **+2.77%** (still -3.24% from early highs)
* **24h Volume:**
* CFX: 262.63M
* USDT: 47.96M
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### ๐ **Price Trend Analysis (Short-Term):**
* The price **peaked around \$0.1933** and then sharply **dropped below the 60-period MA (0.1832)**.
* Currently, it's **trading under the 60 MA**, showing **short-term bearish momentum**.
* **Yellow line (price)** falling below **grey line (MA60)** = **potential short-term downtrend**.
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### ๐ **Moving Averages:**
* **MA(5): 113,130** vs **MA(10): 108,001**:
* Short-term average is **above** medium-term โ **previous buying pressure**.
* But as price dips below these averages, it signals **weakness** and **possible sell signal**.
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### ๐ **Volume & Momentum:**
* **Recent Red Candles** with **high selling volume** = **increased bearish pressure**.
* The **green volume spike at the end** might indicate **buyers are attempting to catch the dip**, but not confirmed yet.
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### ๐งฎ **Profit/Loss Signal:**
* If you **bought near the top (e.g., \$0.1933)**, and it's now **\$0.1821**, you're at a **loss of \~5.8%**.
* If you **bought near the low (\$0.1723)**, you're at a **profit of \~5.7%**.
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### ๐ฏ **SL/TP (Stop-Loss / Take-Profit) Suggestions:**
#### โ Bullish Trade (expecting rise):
* **Entry:** Around \$0.1820
* **Target Profit (TP):** \$0.1880 โ \$0.1920 (near previous high)
* **Stop Loss (SL):** \$0.1785 (below recent minor support)
#### โ Bearish Trade (expecting fall):
* **Entry:** Around \$0.1820
* **Target Profit (TP):** \$0.1750 โ \$0.1725
* **Stop Loss (SL):** \$0.1850 (above MA60)
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### ๐ง Summary:
| Signal | Direction | Risk Level | Comment |
| ------------------------- | --------- | ---------- | ------------------------ |
| ๐ MA Crossover | Bearish | Moderate | Price below MA60 |
| ๐ Volume Spike (Red) | Bearish | High | Strong sell candle |
| ๐ RSI & MACD (not shown) | Needed | โ | Would help confirm trend |
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