#Records strong performance today for coin #CFX , up more than +21%. The price is currently trading around 0.0606 USDT after reaching a high of 0.06488 and entering a positive consolidation phase.
📊 Technical scenarios and targets:
Candles are trading above the MA(7) short-term support line at 0.0598, keeping the outlook positive.
🟢 Bullish scenario (wave continuation):
Holding above 0.0598 and breaking through the resistance at 0.0624 would pave the way to retest the following targets:
First target: 0.0648 USDT (retest of the high)
Second target: 0.0680 USDT
🔴 Corrective scenario:
A break below nearby support at 0.0598 could push the price to retest lower consolidation zones around 0.0562 (MA25) to build fresh momentum.
⚠️ Risk management:
Always make sure to follow your trading strategy and set realistic targets, while using a stop-loss order to protect your capital.
#CFX #Conflux #BinanceSquare #CryptoAnalysis #TradingSignals $CFX
📊 Technical scenarios and targets:
Candles are trading above the MA(7) short-term support line at 0.0598, keeping the outlook positive.
🟢 Bullish scenario (wave continuation):
Holding above 0.0598 and breaking through the resistance at 0.0624 would pave the way to retest the following targets:
First target: 0.0648 USDT (retest of the high)
Second target: 0.0680 USDT
🔴 Corrective scenario:
A break below nearby support at 0.0598 could push the price to retest lower consolidation zones around 0.0562 (MA25) to build fresh momentum.
⚠️ Risk management:
Always make sure to follow your trading strategy and set realistic targets, while using a stop-loss order to protect your capital.
#CFX #Conflux #BinanceSquare #CryptoAnalysis #TradingSignals $CFX