$CFX Short Liquidation: $85.3K Crushed at $0.159!
A massive $85,300 short position was obliterated as Conflux ($CFX ) surged to $0.159, catching bears off guard.
This liquidation underscores a wave of bullish momentum sweeping through the market, with traders now eyeing the next critical levels.
What’s Next for Conflux (CFX)?
Bullish Scenario:
If momentum persists, CFX could target $0.165 or higher, with increased buying interest fueling further upside.
Bearish Risk:
Failure to hold above $0.159 may result in a pullback, with support expected around $0.150.
Opinion: Momentum is clearly on the bulls' side, but watch for resistance near $0.165.
Swing traders could capitalize on the rally, while cautious players might wait for confirmation of a breakout or a retracement for better entry points.
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