$CFX: Key Support Holds Firm: $CFX Bullish Continuation Setup Active
LONG SETUP CFX
Entry: $0.05350 - $0.05450
Stop Loss: $0.05085
Take Profit: $0.06030 (2R)
Key Levels: Support $0.05085 | Resistance $0.05928
Technical Analysis for $CFX: Orderbook imbalance favors bids. However RSI 74 and Stochastic 92 flag overbought pressure; a drop through the 1H swing low 0.05085 would cancel the trade. Watch for a move above 0.0535 and aim for the 0.0593 resistance, a 2R target. LONG bias targets continuation toward resistance, with support as the invalidation level.
Market Context: BTC is in a bearish 4H trend, down 0.14% on the day, while overall crypto market breadth remains broadly positive with 74%
LONG $CFX
LONG SETUP CFX
Entry: $0.05350 - $0.05450
Stop Loss: $0.05085
Take Profit: $0.06030 (2R)
Key Levels: Support $0.05085 | Resistance $0.05928
Technical Analysis for $CFX: Orderbook imbalance favors bids. However RSI 74 and Stochastic 92 flag overbought pressure; a drop through the 1H swing low 0.05085 would cancel the trade. Watch for a move above 0.0535 and aim for the 0.0593 resistance, a 2R target. LONG bias targets continuation toward resistance, with support as the invalidation level.
Market Context: BTC is in a bearish 4H trend, down 0.14% on the day, while overall crypto market breadth remains broadly positive with 74%
LONG $CFX