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CFXUSDT trade ideas

Conflux CFX: Capturing the China Narrativesomething is going on here. Hong Kong is allowing retail crypto trading starting in June. It is known that this is a pilot for releasing mainland China. Hong Kong itself has shown serious interest in all tradeshows and crypto conferences. My opinion is that the liquidity for this bull market comes from the Eastern World. Conflux is building something and I am very bullish on this chain's prospects over many other tokens that could fall into this narrative.
Long
by SnarkyPuppy
2
CFXUSDT BULLFLAG BREAKOUTHello Tradingview friends! Make sure to LIKE and FOLLOW for more chart ideas! Today i am bringing you my view on CFXUSDT and the bull flag i believe CFXUSDT has formed and is showing signs of strength and a potential breakout! What does bull flag mean? A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag. Thanks. Liquidmex
Long
by SolStackz
CFXUSDT wants the daily liquidty? CFXUSDT is undergoing a crucial phase as it tests the key level on the 4-hour timeframe, situated just above the daily liquidity zone. This key level holds significant importance as it has the potential to influence the price's future trajectory. At the moment, the price is encountering resistance at this key level, indicating that buyers are finding it challenging to push the price higher. However, according to Plancton's Rules, there is a possibility that the price might break through this resistance and grab new liquidity on its way to the daily support level. Should the price manage to surpass the resistance, it could attract additional buyers, leading to an upward movement towards the daily support level. This potential liquidity grab is an opportunity for traders to open a new position based on Plancton's Rules, which suggests taking advantage of such market dynamics. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
22
CFXIn my opinion, the CFX cryptocurrency has rather good prospects. The global growth of this cryptocurrency, in my opinion, can begin when Hong Kong actually becomes the capital of the crypto industry. As it is predicted today. CFX has huge support from China! And it is this fact that can give this cryptocurrency very huge growth prospects. And for now, I will trade this coin for futures. Because there was a breakdown of the market structure and the price is close to the support level, from which I will enter the deal. It should also be taken into account that there was a local growth in altcoins, which CFX has not yet shown. Most likely, he will now reach for the rest of the coins. And given the periodic increased volatility of this asset, you can count on not a weak movement and profit.
Long
by TradingForProfitPro
Probable long analysis and signal for CFX cryptoProbable long analysis and signal for CFX crypto In the two-hour time frame, at the bottom of the chart, you can see a good over-block area. When the price reaches that area, we can enter a long position with great risk and reward. Of course, you can enter a long position from the current price. If you place a fibo on the downswing, you will see that the 50 fibo area is itself a heavy supply area, so you can set the target in the same area that I marked with a gold star. Your possible profit by entering from the first zone is about 9% without leverage Your possible profit by entering from the second zone is about 30% without leverage
Long
by mansour1978
CFXUSDT Short Term AnalysisTechnical Analysis: CFXUSDT has been trading within a descending channel pattern on the daily time frame. From June 10th to June 20th, the price underwent consolidation at the support level, indicating a period of indecision and potential accumulation. The subsequent range breakout suggests a shift in momentum and a potential bullish rally in the making. Currently, the price is approaching the resistance area, which will be a key level to watch for a breakout. Trade Setup: Entry: As per the Smart Money Concept, a fresh entry can be taken at $0.2080, preferably after the breakout above the resistance area. This entry point aligns with the expectation of a bullish rally following the breakout. Target: Our target for this trade setup is set at $0.4490, representing a significant upside potential from the entry level. This target reflects the anticipated price movement once the breakout above the resistance area is confirmed. Stop Loss: To manage risk effectively, it is recommended to set a stop loss at $0.1900. Placing the stop loss below the entry level can help protect against potential downside risks
Long
by TheNewsCrypto
7