Keeping a close watch on CFX today! ๐
Looking strictly at the 1H chart, the price action is forming a very clean structure. It has been perfectly respecting this ascending trendline and is now consolidating right just below a major resistance zone.
Instead of anticipating the move, I am just waiting to see how it reacts at these key levels:
๐ฏ Resistance to break โ 0.06998
๐ก๏ธ Strong Support โ 0.06385
$CFX
๐ก Quick Tip: Whenever price squeezes between a trendline and a flat resistance, itโs best to wait for a solid 1H candle close above the zone to avoid fakeouts.
Are you tracking this setup, or focusing on other coins today? Let me know below! ๐
NFA | DYOR
Looking strictly at the 1H chart, the price action is forming a very clean structure. It has been perfectly respecting this ascending trendline and is now consolidating right just below a major resistance zone.
Instead of anticipating the move, I am just waiting to see how it reacts at these key levels:
๐ฏ Resistance to break โ 0.06998
๐ก๏ธ Strong Support โ 0.06385
$CFX
๐ก Quick Tip: Whenever price squeezes between a trendline and a flat resistance, itโs best to wait for a solid 1H candle close above the zone to avoid fakeouts.
Are you tracking this setup, or focusing on other coins today? Let me know below! ๐
NFA | DYOR