CONFLUX $CFX REJECTING MOVING AVERAGE RESISTANCE! ARE BEARS TARGETING $0.04909 NEXT?
Pair: $CFX /USDT
Direction: SHORT
Entry Price: 0.06782
Target Levels (Take Profit)
TP 1: 0.0608 10.35%
TP 2: 0.05612 17.25%
TP 3: 0.04909 27.62%
Stop Loss
SL: 0.07718
Technical Breakdown
CFX ($0.06793) staged a sharp upward expansion leg from the $0.0500 demand floor straight into resistance near $0.0700–$0.0720, where heavy overhead selling emerged. Red rejection candles printing near the top of the range highlight strong profit-taking and buyer exhaustion, opening the door for a mean-reversion move into lower value zones.
Price action is currently testing short-term MA 7 (~0.0685) and holding above intermediate MA 25 (~0.0605) and baseline MA 99 (~0.0540). A breakdown back underneath MA 7 confirms momentum reversal toward dynamic moving average support at MA 25 and lower TP targets.
RSI (14) has retreated from overbought levels back toward neutral territory around 50.00–55.00, confirming upside exhaustion and room for momentum to cool down. The MACD histogram bars are beginning to lose height while signal lines plateau at peak levels, signaling a potential bearish rollover as selling volume steps in.
$CFX
Pair: $CFX /USDT
Direction: SHORT
Entry Price: 0.06782
Target Levels (Take Profit)
TP 1: 0.0608 10.35%
TP 2: 0.05612 17.25%
TP 3: 0.04909 27.62%
Stop Loss
SL: 0.07718
Technical Breakdown
CFX ($0.06793) staged a sharp upward expansion leg from the $0.0500 demand floor straight into resistance near $0.0700–$0.0720, where heavy overhead selling emerged. Red rejection candles printing near the top of the range highlight strong profit-taking and buyer exhaustion, opening the door for a mean-reversion move into lower value zones.
Price action is currently testing short-term MA 7 (~0.0685) and holding above intermediate MA 25 (~0.0605) and baseline MA 99 (~0.0540). A breakdown back underneath MA 7 confirms momentum reversal toward dynamic moving average support at MA 25 and lower TP targets.
RSI (14) has retreated from overbought levels back toward neutral territory around 50.00–55.00, confirming upside exhaustion and room for momentum to cool down. The MACD histogram bars are beginning to lose height while signal lines plateau at peak levels, signaling a potential bearish rollover as selling volume steps in.
$CFX