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
ā Wait for a bearish rejection at $0.1560 - $0.1580 before entering. ā A rejection at resistance could push price toward $0.1480 and $0.1420. ā Monitor 4H & 1H charts for confirmation with volume analysis. ā If price breaks above $0.1620, exit to minimize risk.
Risk Management
š¹ Maintain a 2:1 risk-to-reward ratio. š¹ Adjust stop loss if price consolidates near resistance.
Momentum Indicators
š RSI near overbought could signal exhaustion. š Decreasing volume at resistance strengthens bearish bias.
Pro Tip
šØ Watch BTCās movement, as sudden volatility can impact $CFX.
This coin are not have correlation with chinese new year! But, it will rise when narative china win in market global So it will rise February Target 0.35
EduardoSR
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What is your opinion about CFX? I bought 30 thousand units and I'm waiting
They scare about everything!!! Poor people mentality canāt survive š¤£š¤£š¤£š¤£š¤£ 0.2190 The richest mind set still hold until their goal coming!!!! $CFX $NMR $FET
$CFX Recently, it has really been falling continuously, which probably means they are unloading goods. It's almost the end of the year, and the retail investors have become cannon fodder.
Can't handle a 20% correction? Let me calm you down!
š Corrections at the 20-30% level are indeed common in a bull market and should not cause panic among investors. Such pullbacks are often associated with profit taking, a change in market sentiment, or external factors.
š It is important to understand that in a bull market, the main movement is upward, and temporary pullbacks represent an opportunity for a more profitable entry into the market. History shows that corrections are often followed by new waves of growth that can exceed previous peaks. Here are some tips for investors on how to survive such corrections:
ā Don't give in to emotions. Corrections are a normal part of the market cycle.
ā Review your strategy. Use corrections as an opportunity to analyze your portfolio.
ā Focus on the long term.
ā Study the factors of correction. If a correction is caused by temporary factors, it is likely to be short-lived. Understanding the nature of corrections allows investors to remain confident and use them to their advantage. #MarketMajorComeback #timewillpass #BTCā #AltSeasonOnTheWay