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.
Entry: 0.2167 – 0.2141
Stop loss: 4%
TP: 4% – 7% – 12%
—
📉 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.
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CFX
0.1996
-2.77%
