In the previous analysis, we told you that a new round of bull market is brewing and there are many opportunities. Therefore, it is a good opportunity for those who are on the sidelines and those who want to increase their spot positions. Next, I will recommend the spot products one by one. Here I will first recommend $CFX .
This coin fell from the highest of 0.550 on March 25 this year to the lowest of 0.10 on August 5, with the maximum decline reaching 82%, which is quite sufficient. The lowest retracement position of CFX directly touched the position before the bull market started, 0.10 (the bull market opening position on October 19, 2023), and obtained strong support here. The current K-line daily line has achieved 4 consecutive positives, and the price has gradually moved upward from the bottom oscillation area. The current daily line has just broken through the large cycle suppression point of MA 60 and is in the stage of gradually pushing upward. From the four-hour state, the current K-line has formed a long arrangement state, and the MA moving average has formed a 30-degree upward climbing state. The hourly line adopts an oscillating upward method, with MA 60 as the retracement support line for rest. At the same time, the price has rested around 0.145 for more than ten hours. It has now broken through the short-term oscillation area and continued to move upward, indicating that the price will continue the long behavior and start the upward process.
Since CFX's daily line is in the primary rising pattern, the risk is low for participants and the profit margin is large. In terms of project benefits, CFX cooperated with China Telecom at the end of June this year to jointly launch the world's first mobile phone SIM card with blockchain account management function, thereby lowering the threshold for using blockchain technology. In addition, Conflux also uses Hong Kong as a window to expand financial services for countries participating in the "Belt and Road" through ecological enterprises.
This month, the project company Conflux and China Mobile Migu jointly announced an agreement to deepen cooperation in the field of Web3.0. In the future, the cooperation will be extended to cover multiple fields based on the underlying infrastructure of the tree graph blockchain (Conflux).
CFX is currently a relatively well-developed currency among China's public chains. As blockchain continues to develop, it will surely come to the fore.
In terms of market participation, the medal has already informed everyone to enter the market at the current price of 0.149. It is recommended to cover positions at 0.138-0.140. The short-term profit is 0.160, and the small and medium-term profit is 0.175. The price is expected to stay around 0.180, because this area is a falling pressure area of three daily lines. If this position is broken, the price is expected to come to around 0.23. Therefore, medium and long-term holders can see the area above 0.23.
Pay attention to the medal, get market analysis in real time, and participate in high-quality currencies.#CFX.智能策略库 
