$CFX get UP 21%… BUT THE SHORT SQUEEZE RUNNING OUT OF FUEL?
Guys, CFX is pumping hard with around $66M in 24h Futures turnover but there's one thing traders shouldn't ignore
Funding is still negative, meaning shorts are still paying longs. That can keep the squeeze narrative alive, but it doesn't guarantee another leg up
Here's the real battle now
If CFX reclaims $0.0649 with strong volume, buyers could push this move further
But if momentum fades and price loses the $0.060 area, late longs could get trapped chasing the pump
Another leg up or the start of a nasty pullback?
What are you watching here?
#CFX
Guys, CFX is pumping hard with around $66M in 24h Futures turnover but there's one thing traders shouldn't ignore
Funding is still negative, meaning shorts are still paying longs. That can keep the squeeze narrative alive, but it doesn't guarantee another leg up
Here's the real battle now
If CFX reclaims $0.0649 with strong volume, buyers could push this move further
But if momentum fades and price loses the $0.060 area, late longs could get trapped chasing the pump
Another leg up or the start of a nasty pullback?
What are you watching here?
#CFX