âđČ $CFX
Breakout: Buyers Take the Lead!
âConflux is showing incredible strength after a clean breakout. The price has successfully reclaimed the 0.080 â 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.
âđ Trade Setup (Long)
âEntry Zone: 0.0805 â 0.0820 (Ideal for shallow pullbacks)
âStop Loss (SL): 0.0775 (Safety first!)
âđŻ Profit Targets
âTP1: 0.0850 (First resistance)
âTP2: 0.0880 (Mid-term momentum)
âTP3: 0.0920 (Major extension)
âđ§ Strategic Analysis
âThe 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.
âAnalysis by: Nabiha Noor âïž
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