CFX pumped 15% today, tapping $0.072. But the $0.078 previous high is a hard ceiling. Classic double top formation.😡
Late longs who chased this green candle are the exit liquidity. The vertical move is overextended and smart money is distributing.💥
Trade the rejection: Short here at $0.069. Stop loss above $0.079. First target $0.055, second target $0.048.
Do not catch this falling knife. 🐻
$CFX
Late longs who chased this green candle are the exit liquidity. The vertical move is overextended and smart money is distributing.💥
Trade the rejection: Short here at $0.069. Stop loss above $0.079. First target $0.055, second target $0.048.
Do not catch this falling knife. 🐻
$CFX