Conflux Major Support Activated (Potential P. = 365% Or 610%+?)
In early 2023, Conflux (CFXBTC) went through what can only be described as an incredible bullish wave... More than 1,200% growth within months; amazing.
The wave ended March 2023 and after a major correction and more than a year of bearish action, it seems the market is ready to change.
On this chart we can see a major support line drawn as black.
This is the February 2023 support.
Notice how the highest volume ever occurred this same month, February 2023.
Now that this major level is being activated, there is potential for a reversal to take place... Growth potential is huge.
The same caution/warning that I mentioned in a previous trade-idea; there can be one final low... On the other hand, early signals are looking good, specially when we consider this support level I just mentioned, there was just too much buying a year and four months ago for this level to not be really strong.
👉 Potential for growth is huge and can go beyond what is shown on the chart.
My job is to alert you of a great entry; early entry; the reversal; the breakout... You can take care of the rest.
Many opportunities like this one will continue to develop, we have to pick the right ones if we want to achieve success.
Additional information can be found on the chart.
Thank you for reading.
Namaste.
The wave ended March 2023 and after a major correction and more than a year of bearish action, it seems the market is ready to change.
On this chart we can see a major support line drawn as black.
This is the February 2023 support.
Notice how the highest volume ever occurred this same month, February 2023.
Now that this major level is being activated, there is potential for a reversal to take place... Growth potential is huge.
The same caution/warning that I mentioned in a previous trade-idea; there can be one final low... On the other hand, early signals are looking good, specially when we consider this support level I just mentioned, there was just too much buying a year and four months ago for this level to not be really strong.
👉 Potential for growth is huge and can go beyond what is shown on the chart.
My job is to alert you of a great entry; early entry; the reversal; the breakout... You can take care of the rest.
Many opportunities like this one will continue to develop, we have to pick the right ones if we want to achieve success.
Additional information can be found on the chart.
Thank you for reading.
Namaste.
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