Keeping a close watch on CFX today! 📊
Looking strictly at the 1H chart, the price action is forming a very clean structure. It has been perfectly respecting this ascending trendline and is now consolidating right just below a major resistance zone.
Instead of anticipating the move, I am just waiting to see how it reacts at these key levels:
🎯 Resistance to break ➔ 0.06998
🛡️ Strong Support ➔ 0.06385
$CFX
💡 Quick Tip: Whenever price squeezes between a trendline and a flat resistance, it’s best to wait for a solid 1H candle close above the zone to avoid fakeouts.
Are you tracking this setup, or focusing on other coins today? Let me know below! 👇
NFA | DYOR
Looking strictly at the 1H chart, the price action is forming a very clean structure. It has been perfectly respecting this ascending trendline and is now consolidating right just below a major resistance zone.
Instead of anticipating the move, I am just waiting to see how it reacts at these key levels:
🎯 Resistance to break ➔ 0.06998
🛡️ Strong Support ➔ 0.06385
$CFX
💡 Quick Tip: Whenever price squeezes between a trendline and a flat resistance, it’s best to wait for a solid 1H candle close above the zone to avoid fakeouts.
Are you tracking this setup, or focusing on other coins today? Let me know below! 👇
NFA | DYOR