đ $CFX
LONG SETUP đ
CFX bottomed at $0.04746, chopped sideways, then exploded in a vertical pump to a high of $0.07229. Price is now at $0.06970, up over 36% on the day, and sitting far above all three MAs after a brief shakeout and a second strong push. Iâm watching for a long on a pullback into the MA support zone, not chasing the current candle. đ
Entry: $0.06250 â $0.06450
TP1: $0.06950
TP2: $0.07250
TP3: $0.07700
SL: $0.05850
đș Why CFX is on watch:
Price ($0.06970) is sitting well above the 7 MA ($0.06382), the 25 MA ($0.05991) and the 99 MA ($0.05299), with all three sloping up and the 7 MA now curling higher after the dip The structure shows a clean breakout from a long base, and the pullback to about $0.063 held well above the 25 MA before buyers stepped back in, so the trend still favors the upside The breakout came with a huge surge in volume, and the latest leg up has strong green volume again, a sign that real demand is behind this move The $0.06250 to $0.06450 area is the first support, near the 7 MA and the previous pullback low, with the $0.05991 25 MA as the next demand zone. A 1H close above $0.07230 would confirm buyers are in control and open the way to new highs
â ïž Price is up over 36% on the day and very extended from its MAs, so this is a high-risk, high-volatility chart. A fast pump can reverse just as quickly, so do not buy the top of a vertical candle. Wait for a pullback into the entry zone, and size down. A 1H close under $0.05850 would invalidate the setup. Respect the stop and donât chase if price doesnât reach the entry zone.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
LONG SETUP đ
CFX bottomed at $0.04746, chopped sideways, then exploded in a vertical pump to a high of $0.07229. Price is now at $0.06970, up over 36% on the day, and sitting far above all three MAs after a brief shakeout and a second strong push. Iâm watching for a long on a pullback into the MA support zone, not chasing the current candle. đ
Entry: $0.06250 â $0.06450
TP1: $0.06950
TP2: $0.07250
TP3: $0.07700
SL: $0.05850
đș Why CFX is on watch:
Price ($0.06970) is sitting well above the 7 MA ($0.06382), the 25 MA ($0.05991) and the 99 MA ($0.05299), with all three sloping up and the 7 MA now curling higher after the dip The structure shows a clean breakout from a long base, and the pullback to about $0.063 held well above the 25 MA before buyers stepped back in, so the trend still favors the upside The breakout came with a huge surge in volume, and the latest leg up has strong green volume again, a sign that real demand is behind this move The $0.06250 to $0.06450 area is the first support, near the 7 MA and the previous pullback low, with the $0.05991 25 MA as the next demand zone. A 1H close above $0.07230 would confirm buyers are in control and open the way to new highs
â ïž Price is up over 36% on the day and very extended from its MAs, so this is a high-risk, high-volatility chart. A fast pump can reverse just as quickly, so do not buy the top of a vertical candle. Wait for a pullback into the entry zone, and size down. A 1H close under $0.05850 would invalidate the setup. Respect the stop and donât chase if price doesnât reach the entry zone.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!