【CFX 1H】Up nearly 40%. I’m not chasing it—I’ll wait for a pullback.
$CFX is up 38.93% on Binance Spot over 24h (16:39). Futures trading volume is 303 million U, more than 7 times spot volume. I looked through the news, but haven’t found any clear bullish catalyst so far.
Current situation: It took off from around 0.0506 on the 10th, reached a high of 0.0724 today, and is now at 0.0707.
① Structure: On the 1-hour chart, both highs and lows are moving higher; the trend remains intact.
② Volume and price: The 4-hour rally came with rising volume, while the pullback came with declining volume. Trading volume over the last 10 candles is 23 times the average of the previous 30.
③ Funding: The futures funding rate is -0.0171%. Even after this big rally, shorts are still paying—the fuel for a short squeeze hasn’t run out yet.
Plan 1 (primary): If it pulls back to the 0.0642–0.0657 support zone, consider opening a small long position around 0.065, with a stop-loss at 0.0627. Target 1: 0.0767; target 2: 0.0797.
Plan 2 (backup): If it breaks below 0.0627, don’t rush to buy the dip. Wait for 0.060 (Fib 0.5) before reconsidering, with a stop-loss at 0.0565.
Invalidation: If the 1-hour candle closes below 0.0565, this rally is essentially over—admit the trade was wrong and exit.
Also be cautious: The 1-hour chart is already showing a rebound on declining volume and a drop on rising volume. Sharp rallies without news often reverse just as quickly.
Do you think it’ll pull back to 0.065 first, or head straight for 0.0767?
$CFX
#技术分析 #Altcoins
#BinanceSquare
⚠️ The above is a summary of information and personal opinion only, and does not constitute investment advice. DYOR.
$CFX is up 38.93% on Binance Spot over 24h (16:39). Futures trading volume is 303 million U, more than 7 times spot volume. I looked through the news, but haven’t found any clear bullish catalyst so far.
Current situation: It took off from around 0.0506 on the 10th, reached a high of 0.0724 today, and is now at 0.0707.
① Structure: On the 1-hour chart, both highs and lows are moving higher; the trend remains intact.
② Volume and price: The 4-hour rally came with rising volume, while the pullback came with declining volume. Trading volume over the last 10 candles is 23 times the average of the previous 30.
③ Funding: The futures funding rate is -0.0171%. Even after this big rally, shorts are still paying—the fuel for a short squeeze hasn’t run out yet.
Plan 1 (primary): If it pulls back to the 0.0642–0.0657 support zone, consider opening a small long position around 0.065, with a stop-loss at 0.0627. Target 1: 0.0767; target 2: 0.0797.
Plan 2 (backup): If it breaks below 0.0627, don’t rush to buy the dip. Wait for 0.060 (Fib 0.5) before reconsidering, with a stop-loss at 0.0565.
Invalidation: If the 1-hour candle closes below 0.0565, this rally is essentially over—admit the trade was wrong and exit.
Also be cautious: The 1-hour chart is already showing a rebound on declining volume and a drop on rising volume. Sharp rallies without news often reverse just as quickly.
Do you think it’ll pull back to 0.065 first, or head straight for 0.0767?
$CFX
#技术分析 #Altcoins
#BinanceSquare
⚠️ The above is a summary of information and personal opinion only, and does not constitute investment advice. DYOR.