$CFX is pulling off a massive macro breakout on the weekly timeframe after sweeping its long-term floor at 0.03745... 🚀
The 1w chart shows price cleanly crossing above the weekly EMA(7) at 0.05322 and EMA(25) at 0.05288, signaling a potential shift in the higher timeframe trend...
On the 15m timeframe, price pushed up to a local peak of 0.06494 before retesting support near 0.05930...
As long as the lower Supertrend support around 0.05770 holds strong, the structure remains loaded for a push toward upper weekly resistance zones...
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Direction: Long (Macro Trend Reversal)
Entry Zone: 0.05800 – 0.05950
Stop Loss : 0.05450
Target 1 (TP1): 0.06490
Target 2 (TP2): 0.07880
Target 3 (TP3): 0.09250
VDA products are unregulated & risky. No regulatory recourse for any loss. Not financial advice. #DYOR
#scalpers #traders #TradingCommunity
The 1w chart shows price cleanly crossing above the weekly EMA(7) at 0.05322 and EMA(25) at 0.05288, signaling a potential shift in the higher timeframe trend...
On the 15m timeframe, price pushed up to a local peak of 0.06494 before retesting support near 0.05930...
As long as the lower Supertrend support around 0.05770 holds strong, the structure remains loaded for a push toward upper weekly resistance zones...
___________
Direction: Long (Macro Trend Reversal)
Entry Zone: 0.05800 – 0.05950
Stop Loss : 0.05450
Target 1 (TP1): 0.06490
Target 2 (TP2): 0.07880
Target 3 (TP3): 0.09250
VDA products are unregulated & risky. No regulatory recourse for any loss. Not financial advice. #DYOR
#scalpers #traders #TradingCommunity