⚠️ $CFX /USDT – Major collapse after support failure... Has the slide begun? 📉🔥
$CFX is losing its balance after a clear failure to maintain the support level at $0.214, dropping towards its daily lows at $0.2103 amid strong selling momentum and clear dominance of sellers.
📌 _What is happening?_
• The technical support break has led to accelerated selling
• No immediate reversal signals, and momentum indicators show a continuation of the bearish trend
• The price is testing a critical area, and if broken, we may witness a new downward wave
🔹 _Trading Setup (Bearish Bias):
• Entry: 0.2103 – 0.2120
• Stop Loss: Above 0.221
• Targets:
- 🎯 0.200
- 🎯 0.185
📊 _Market Overview:_
• MACD indicator shows a negative crossover
• RSI in the oversold area, but without reversal signals
• Continued trading below 0.214 keeps the bearish scenario intact
📌 _Important Note:_
Long entries are not recommended unless there is a clear recovery above $0.221 with strong trading volume. Until then, sellers are in control.
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