🐲 $CFX
Breakout: Buyers Take the Lead!
Conflux is showing incredible strength after a clean breakout. The price has successfully reclaimed the 0.080 – 0.081 zone, turning previous resistance into rock-solid support. With a consistent structure of higher highs and higher lows, $CFX is signaling that the bulls are back in control.
📊 Trade Setup (Long)
Entry Zone: 0.0805 – 0.0820 (Ideal for shallow pullbacks)
Stop Loss (SL): 0.0775 (Safety first!)
🎯 Profit Targets
TP1: 0.0850 (First resistance)
TP2: 0.0880 (Mid-term momentum)
TP3: 0.0920 (Major extension)
🧠 Strategic Analysis
The impulse move suggests strong buying conviction. As long as the price maintains its footing above the breakout support, the path of least resistance is to the upside. Pro Tip: Don't chase the candles when they're extended; wait for the retest of the entry zone to maximize your efficiency.
Analysis by: Nabiha Noor ✍️
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