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

Current price: 0.2127

📉 Market structure:

$CFX rose above 0.2300 but quickly reversed, trapping late buyers and causing a cascade of red candles. The hourly chart now shows a bearish engulfing structure, with the price hovering 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