Is #CFX’s Breakout Just a False Alarm or a Major Move is Ahead?
Yello Paradisers! is #CFXUSDT Ready for another massive rally or not? Let's discuss the latest analysis of #Conflux and see what's happening:
💎After grinding for 4-5 months in a tough downtrend, #CFX has finally broken out of its descending channel, fueled by a solid push off the major support at $0.130-$0.138. But don’t get too comfortable because a retest of this support zone could be on the horizon.
💎For this rally to gather real momentum, #CFX must clear the minor resistance at $0.226. If the bulls manage to push past this key level, we could see a stronger surge toward the next major resistance, powered by increasing volume and support from the 20EMA—clear signs that the bulls may finally be taking charge.
💎If the momentum stalls, be prepared for a pullback. A retest of the breakout zone or the major support at $0.130-$0.138 is possible. If this support doesn’t hold, expect a drop toward the lower demand zone at $0.113.
💎A break below $0.113 would shift the control back to the bears, likely leading to a deeper correction and dashing hopes for a bullish recovery in the near term. Stay vigilant, Paradisers—trading at these levels demands caution and a strategic approach.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎After grinding for 4-5 months in a tough downtrend, #CFX has finally broken out of its descending channel, fueled by a solid push off the major support at $0.130-$0.138. But don’t get too comfortable because a retest of this support zone could be on the horizon.
💎For this rally to gather real momentum, #CFX must clear the minor resistance at $0.226. If the bulls manage to push past this key level, we could see a stronger surge toward the next major resistance, powered by increasing volume and support from the 20EMA—clear signs that the bulls may finally be taking charge.
💎If the momentum stalls, be prepared for a pullback. A retest of the breakout zone or the major support at $0.130-$0.138 is possible. If this support doesn’t hold, expect a drop toward the lower demand zone at $0.113.
💎A break below $0.113 would shift the control back to the bears, likely leading to a deeper correction and dashing hopes for a bullish recovery in the near term. Stay vigilant, Paradisers—trading at these levels demands caution and a strategic approach.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Trade fermée: cible de profit atteinte
💎Just like clockwork! #CFXUSDT is tracing our forecast, hitting that sweet 122.04% growth mark.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.