$CFX General Trend: Positive in the long term, with significant upgrades coming to the network (Conflux 3.0 in August/September) and strategic partnerships enhancing strong recent growth
Buy Trade:
* Entry Idea:
* Conservative Recommendation: Wait for a confirmed bounce from a stronger support area around $0.1900 - $0.2000.
* Aggressive Recommendation: A sustained break and close above the current resistance level at $0.2300 with strong trading volume may indicate continued upward movement.
* Targets:
* Short-term: $0.2400 - $0.2500
* Medium-term: $0.2700 - $0.3000
* Potential Extended Target: $0.4000 - $0.4500 (if the Conflux 3.0 upgrade succeeds and market sentiment remains strong).
* Stop Loss (Example): Below $0.1850 or $0.1700 (depending on entry level and risk tolerance).
Sell Trade:
* Entry Idea: If CFX fails to break the $0.2300 level and is rejected with bearish confirmation, or if it clearly breaks below the key support level at $0.2100.
* Targets:
* Short-term: $0.2000 - $0.2100
* Medium-term: $0.1800 - $0.1900
* Stop Loss (Example): Above $0.2350 or $0.2450.
* Key Support and Resistance Levels:
* Resistance: $0.2298, $0.2300, $0.2500, $0.2700
* Support: $0.2100, $0.2000, $0.1900, $0.1557
CFX
$0.2219
+2.35%
