🚀 CFX Roadmap Revealed! 🗺️ Long-Term Bearish Outlook, But Hope on the Horizon? 🤔
$CFX
Hey Binance Square Fam! 👋 Exciting news about Conflux (CFX)! 🎉 We've delved deep into the charts and uncovered a potential long-term roadmap for CFX. While it might be a bumpy ride in the short term, there's a light at the end of the tunnel! 💡 Here's what we found: It appears that Wave C of a larger CFX structure has reached its conclusion. 🏁 Not only that, but Wave E, the final wave within Wave C's triangle formation, is also complete! 🤯 What does this mean? Based on this analysis, we anticipate CFX to remain in a bearish trend for the foreseeable future. 🐻 However, don't lose hope! 🌈 We've identified a green zone 🟢 where we expect CFX to find strong support and potentially offer excellent long-term returns! 💰 Key Level to Watch: We've marked an invalidation level on the chart. A daily candle closing above this level would mean our analysis needs to be reevaluated. Keeping an eye on this level is crucial! 👀 Important Reminders: * Manage your risk! Don't forget to use stop-loss orders and implement proper capital management strategies. Your investments are your responsibility! 🛡️ * This isn't financial advice! Always do your own research and make informed decisions. We're just sharing our analysis, not telling you what to do! 😉 Let's Discuss! What are your thoughts on CFX's long-term outlook? 🤔 Are you planning to accumulate in the green zone? Share your insights and questions in the comments below! 👇 Let's learn and grow together as a community! 🤝 #CFX #Conflux #Crypto #BinanceSquare #LongTermOutlook #PotentialGains #DYOR Like, share, and follow for more exciting crypto content! 👍💖🚀 Remember, we're in this together! Let's navigate the crypto world wisely! 🧠✨
Entry Zone: $0.1560 - $0.1580 (Look for rejection or bearish confirmation)
Target 1: $0.1480 (First support level)
Target 2: $0.1420 (Stronger support)
Stop Loss: $0.1620 (Above resistance)
Trade Details
✅ Wait for a bearish rejection at $0.1560 - $0.1580 before entering. ✅ A rejection at resistance could push price toward $0.1480 and $0.1420. ✅ Monitor 4H & 1H charts for confirmation with volume analysis. ✅ If price breaks above $0.1620, exit to minimize risk.
Risk Management
🔹 Maintain a 2:1 risk-to-reward ratio. 🔹 Adjust stop loss if price consolidates near resistance.
Momentum Indicators
📉 RSI near overbought could signal exhaustion. 📉 Decreasing volume at resistance strengthens bearish bias.
Pro Tip
🚨 Watch BTC’s movement, as sudden volatility can impact $CFX.