๐ป $CFX / USDT โ SHORT-TERM BEARISH BIAS IN PLAY
Current Price: $0.21140 (โ4.64%) | Chart: 15m Intraday
$CFX recently rejected from the $0.23536 resistance and is now forming lower highs with a clear bearish crossover:
MA(7) < MA(25) < MA(99) โ confirming downward momentum.
๐ Market Pressure:
Volume is fading, bulls are losing steam. Unless $0.2155 is reclaimed with strength, bears remain in control.
๐ Key Levels:
๐ธ Support Zone: $0.2080 โ $0.2100
๐ธ Resistance: $0.2155 โ $0.2215
๐ Trade Strategy:
๐ด Short Opportunity:
โข Entry: Below $0.211 (on confirmation)
โข SL: Above $0.216
โข Targets:
โโ TP1: $0.208
โโ TP2: $0.203
๐ข Long Opportunity:
โข Aggressive Entry: Bounce from $0.208
โข Conservative Entry: Reclaim of $0.2155
โข SL: Below $0.208 (aggressive)
โข Targets:
โโ TP1: $0.2155
โโ TP2: $0.2215
โโ TP3: $0.2250
๐ Volume Profile:
โข 24H: โ5.39%
โข 7D: +1.88%
โข 30D: +179.26%
Momentum is still positive long-term, but fading short-term.
๐ก Conclusion:
$CFX must hold $0.208 or risk a deeper pullback. Bearish bias remains unless price flips back above MA(25) with volume.
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