$CFX’s 13% surge gave back nearly half its gains in the following hour
At 22:00, CFX jumped from 0.0561 to 0.0634, up 13.1% in an hour. At 23:00, it briefly hit 0.0649 but couldn’t keep climbing. At 23:15, a 15-minute candle plunged 7.9%, hitting a low of 0.0580; it closed the hour at 0.0599, giving back nearly half of the previous hour’s gains.
Trading volume for that hour was about 4.08 million USDT, roughly 90 times the median hourly volume over the previous 24 hours. This wasn’t a quiet pullback from the highs—there was real turnover. CFX is now back near 0.0598. Until it reclaims 0.0633–0.0649, this big bullish candle can’t be considered firmly established.
Binance spot market, sampled at 00:29 on October 11. #CFX #MarketAnalysis
At 22:00, CFX jumped from 0.0561 to 0.0634, up 13.1% in an hour. At 23:00, it briefly hit 0.0649 but couldn’t keep climbing. At 23:15, a 15-minute candle plunged 7.9%, hitting a low of 0.0580; it closed the hour at 0.0599, giving back nearly half of the previous hour’s gains.
Trading volume for that hour was about 4.08 million USDT, roughly 90 times the median hourly volume over the previous 24 hours. This wasn’t a quiet pullback from the highs—there was real turnover. CFX is now back near 0.0598. Until it reclaims 0.0633–0.0649, this big bullish candle can’t be considered firmly established.
Binance spot market, sampled at 00:29 on October 11. #CFX #MarketAnalysis