$CFX This long position was opened after a 28.33% surge over 24 hours, with the price near the top of the range. It was a trend-following entry, but at a relatively high level.

2026-10-11 12:51 Opened a long position in CFX-USDT-SWAP with 20x leverage at an execution price of 0.0596811589743593, for a notional position size of 581.89 USDT. Current price: 0.06572. 24-hour range: 0.05051 to 0.06638.

Based on the above, the price is at 96.0% of the 15-minute range, 96.6% of the 1-hour range, and 96.8% of the 4-hour range—near the upper end on all three timeframes. The 1-hour MA20 is 0.060152000000000004, while the 4-hour MA20 and MA50 are 0.053154999999999994 and 0.0534932, respectively, so the moving-average structure remains bullish. The funding rate is 0.01%, and long positioning is not overly crowded. The reference resistance above is 0.06638, and the reference support below is 0.05806. The entry price is below the current price, so the position is in floating profit, but with 20x leverage there is very little room to withstand a drawdown. If support breaks, stick to your risk management rules; don't let a trend-following trade turn into a stubborn hold.

This content is only a personal trading record and does not constitute any investment advice.