Short CFX

Entry: 0.2167 – 0.2141

Stop loss: 4%

TP: 4% – 7% – 12%

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📉 On the 4H chart, CFX is moving in a downtrend and has just broken below the lower trendline of a symmetrical triangle formed over the past sessions.

📊 RSI around 46 indicates weak buying pressure, with no oversold signal yet.

📉 Bollinger Bands are slightly widening, with price trading in the lower half, signaling potential continued selling pressure.

📉 Short-term MAs (MA7, MA25) are sloping down and may cross below MA99 if the bearish trend continues.

Nearest support zone: 0.1970 – 0.1891.

If price fails to recover back above 0.217 – 0.218, it’s likely to retest this support area.