🔥 $CFX A rebound opportunity I’m watching closely—the coin is trading in a buy-worthy zone 📈📈
After the strong rally, the coin made an excellent correction and retested the 50 EMA on the 4-hour timeframe, coinciding with the golden Fibonacci zone and a previous resistance level that may now turn into support.
📍Entry: 0.05650 – 0.05780
🎯 TP1: 0.06150
🎯 TP2: 0.06430
🎯 TP3: 0.06940
🎯 TP4: 0.07300 (if momentum and liquidity continue)
🛑 Stop loss: A 4-hour candle close below 0.05400
Personally, I may give the stop loss a little more room because I think the coin could rebound significantly.
After the strong rally, the coin made an excellent correction and retested the 50 EMA on the 4-hour timeframe, coinciding with the golden Fibonacci zone and a previous resistance level that may now turn into support.
📍Entry: 0.05650 – 0.05780
🎯 TP1: 0.06150
🎯 TP2: 0.06430
🎯 TP3: 0.06940
🎯 TP4: 0.07300 (if momentum and liquidity continue)
🛑 Stop loss: A 4-hour candle close below 0.05400
Personally, I may give the stop loss a little more room because I think the coin could rebound significantly.