$CFX – Sharp decline after a false breakout above resistance! ⚠️

Current price: 0.2127

📉 Market structure:

$CFX rose above 0.2300 but quickly reversed, catching late buyers and triggering a cascade of red candles. The hourly chart now shows a bearish engulfing structure, with the price fluctuating just above key support.

📊 Trading setup (Short):

Entry zone: 0.2120 – 0.2160

Target 1: 0.2040

Target 2: 0.1970

Target 3: 0.1910

Stop-loss: 0.2200

💡 Advice:

Volume is decreasing on the retest - watch for a breakout below 0.2100 to confirm continuation. Avoid long positions if the price does not return above 0.2220 with volume.

📣 Write “CFX BEAR MODE” if you are shorting this reversal!