MOST CRYPTO TRADERS WON'T BE ABLE TO IDENTIFY THIS FACTOR! YOU'D BE GLAD YOU STUMBLED UPON THIS!
THE HOLD FOR $CFX IS STRONG ON THIS ONE! (39.58% INCREASE RIGHT AFTER BOUNCING THIS KEY LEVEL) NEW UPDATE!
An update for CFX just came in and the current market scenario for this altcoin is looking highly positive!
Support key levels were tested at 0.103, 0.114 & 0.118 and these tests has shown CFX as a highly resistant token to breakdowns. As this token held this monthly low since last year, we have already put into mind that the price bounces will be massive. Hence, considering that this is just 1 39.58% increase. There will still be more even in the event when the market structure of CFX attempts to breakdown. It will still be met with high demands at the lower key levels inducing high profitability for those who take long limit orders.
The current market scenario is still showing signs of decline for most alts and some of them might be already at their accumulation phases. Although, this one token has decided to stay on top of its previously broken major resistances from 2021-2023. This is a good sign that this token may still continue its markup phase until it breaks another high. With CFX being priced at 13 cents each and with a current circulating supply of 4.4B, we can safely assume that this is currently undervalued. As extreme demand arises from the lowest key levels of this token. We will also continue to find the most optimal spots to hold some of our funds in spot for this token. Right now, most day traders are profiting from this token highly and its easy to read movement for 1 year now. Hence, as more opportunities await for this token. We will see a huge growth after the accumulation is done.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
