$CFX 1 hours, +12.73%; current price: 0.06882. There are two possible scenarios from here:
① If the pullback holds above the breakout level → the upward move is likely to continue, with the 24-hour high of 0.07037 as the first target.
② If it falls back below the breakout level → this move looks more like a spike, so don’t get too attached.
I personally place more weight on how well the first pullback is supported. Which do you trust more: technicals or the news?
#CFX
For reference only; not investment advice.
① If the pullback holds above the breakout level → the upward move is likely to continue, with the 24-hour high of 0.07037 as the first target.
② If it falls back below the breakout level → this move looks more like a spike, so don’t get too attached.
I personally place more weight on how well the first pullback is supported. Which do you trust more: technicals or the news?
#CFX
For reference only; not investment advice.