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CFXUSDT trade ideas

#CFX Ready For a Massive Move Above Or Not? Key Levels to Watch Yello, Paradisers! Has #Conflux just kicked off its next bullish run or is this a fakeout waiting to trap traders? Let’s dive into the latest move in #CFXUSDT: 💎#CFX has recently broken out above the descending resistance of the broadening wedge—a major technical milestone. This breakout signals potential bullish momentum, with the price now eyeing key resistance zones for confirmation of a sustained move upward. 💎The immediate challenge for #Conflux lies at the $0.26-$0.29 supply wall. A daily candle close above this level would validate the breakout and likely trigger an extended bullish rally. Beyond this, the next target sits at the $0.4500–$0.5500 major resistance zone, where stronger profit-taking and selling pressure are expected. 💎If #CFXUSD manages to conquer the $0.2900 barrier, bullish momentum could carry it toward $0.6500 or even higher, establishing a new trend for long-term traders. Keep an eye on volume—an uptick in buying activity would confirm the strength of this breakout. In case of a pullback, immediate support lies at $0.1720, with a critical demand zone around $0.1356. As long as CFX holds above these levels, the bullish structure remains intact, and any dip into this zone could present an attractive re-entry point for buyers. 💎If #CFX closes below $0.1356, this would invalidate the bullish breakout, signaling potential downside. Such a scenario could drive prices toward $0.1000 or lower, erasing recent gains and catching overleveraged bulls off guard. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
TradeCityPro | CFXUSDT Analysis: Don’t Fear the Red Candles!👋 Welcome to TradeCityPro Channel! Let’s dive into the first day of the week where we’ve seen red candles and minor corrections. This is a good time to review our coins and prepare our triggers. 🌍 Market Overview Before analyzing CFX, let’s take a quick look at Bitcoin. It faced a strong rejection at 100,400 and printed a significant red candle. But what should we do in such cases? For now, nothing. The trend remains bullish, and Bitcoin dominance is also correcting. If Bitcoin’s dominance continues to drop and forms a lower high on the daily timeframe while the market remains bullish, keep an eye on the charts for potential altcoin entries. This scenario could signal the start of a bull run. 🕒 Weekly Time Frame CFX stands out as an older coin with prior bull-run experience. It’s trading above last year’s lows and hasn’t experienced steep declines. Yesterday, we analyzed this coin briefly, but today, we’ll go into more detail. Unlike most altcoins that began their bullish moves from their lowest levels, CFX has already started its upward trajectory from 0.1219. Fibonacci analysis shows that 0.1219 aligns with the 50% retracement level—a significant support both in Fibonacci terms and Dow Theory. After forming a range around this level and breaking the 0.1810 trigger, the coin moved toward its first target at 0.2596. For further targets, use Fibonacci extensions from the same 0.5 range. Once 0.5171 is broken, potential targets include 0.7385, 1.21, and 2.26. If you entered at 0.181, holding your position is advised. For re-entry, consider buying after the 0.2596 breakout with a stop-loss at 0.1219. RSI confirmation above 76.18 would also validate the entry. 📊 Daily Time Frame On the daily chart, CFX was in a ranging box, forming higher lows. A breakout above 0.1851 was accompanied by a strong entry candle with buyer momentum, an RSI entry signal, and volume confirmation. Stop-loss was set at the daily low of 0.14. If you followed this trigger, you’re likely in profit despite the current red daily candle. This correction is healthy, as an uptrend without pullbacks or red candles is often unsustainable. For re-entry, consider buying after the 0.2596 breakout with a stop-loss at 0.14. Alternatively, a pullback to 0.1851 with confirmation from a bullish candle could also provide a good entry point. 🕒 4-Hour Time Frame Let’s discuss how you could have entered positions earlier. After the 0.1905 breakout, a bullish engulfing candle (covering the prior two candles) marked the entry trigger. The stop-loss was set below the previous low, ensuring a secure long position with a good risk-reward ratio. But would you really use a 14% stop-loss in futures trading? Yes, in volatile conditions like this, a larger stop-loss ensures safety and increases win rates. It’s better to risk 1% with higher win rates than repeatedly hit small stop-losses, which could harm your trading psychology. 📈 Long Position Trigger wait for the 0.2596 breakout or RSI returning to its range, coupled with momentum confirmation in lower timeframes. In bullish markets, an RSI recovery from oversold levels and breaking above 30 can also serve as an early long trigger. 📉 Short Position Trigger For shorts, I still advise against them. For example, shorting the 0.2412 breakdown with a stop-loss at 0.2596 would’ve only offered a 1:1 risk-reward ratio, going against the primary trend. 💡 BTC Pair Insight Against Bitcoin, CFX has held its 0.00000164 support and found strength. After breaking the 0.00000294 trigger, the coin is expected to deliver its main moves in the USDT pair. If the market remains bullish, CFX could showcase significant upward momentum. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
4
TradeCityPro | CFX : Breaking Out of Consolidation👋 Welcome to TradeCityPro! In this analysis, I’m going to review the CFX coin. After consolidating for a long time within a box between 0.1147 and 0.1903, the price has finally broken the upper boundary of the box and is moving upward. 📅 Daily Timeframe: Multiple Resistances Above the Price On the daily timeframe, after breaking 0.1903, the price gained strong bullish momentum, and a significant amount of buying volume entered the market. However, upon reaching the first resistance at 0.2572, the price failed to break through and is now consolidating below this level. ✨ The RSI oscillator is exiting the Overbuy zone. If it manages to remain or re-enter the Overbuy zone, the price could continue its upward movement. 📈 In case of a breakout above 0.2572, the next resistances will be 0.3564 and 0.5125. If the price manages to stabilize above these levels, the next target will be 1.0368, which represents the ATH resistance of this coin. 🔽 Correction Scenario The first support level is at 0.1903, and the next one is at 0.1147, which is the final stronghold for buyers to maintain the price. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
4
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🌴
Long
by MyCryptoParadise_Simon
CFX is readyAfter an 80% correction from $0.55 this year, CFX seems to have found its lowest price of the year at $0.125. With Bitcoin's positive price movement, CFX looks to provide positive price movement. The signs are that the price action crossed the 21 SMA (weekly chart), and the RSI reversed and crossed the 50 boundaries. CFX's target is to make a higher high after $0.55. But before that, CFX must be able to cross the $0.23 price because there is a potential supply in that area.
by tomgre
2
CFX/USDT Technical Analysis Update📈 CFX/USDT Technical Analysis Update The chart shows a potential bullish breakout scenario forming! We're currently seeing a harmonic pattern development, with key levels aligned for a move: 💎 Resistance: $0.2133 📉 Potential Retrace Area: Trendline support zone Keep an eye on how price reacts at the highlighted zones. A breakout above resistance could lead to a significant bullish run, but if rejected, expect a move back to the support zone. 🚨 Disclaimer: This is not financial advice. Always DYOR before trading! #Crypto #CFX #TradingView #TechnicalAnalysis
Long
by RajaSaien
#CFX: Unlocking the Potential of ConfluxDescription: This trading idea highlights CFX, the native token of the Conflux Network, a public blockchain designed to tackle scalability, interoperability, and decentralization challenges. Conflux leverages its unique Tree-Graph consensus algorithm to achieve high throughput and low latency, making it a standout solution for developers and enterprises. CFX serves as the backbone of the ecosystem, enabling transactions, staking, and governance. With growing adoption in Asia and partnerships with major tech players, CFX is positioned to play a significant role in the global blockchain space. Despite its potential, the cryptocurrency market is highly volatile, influenced by regulatory developments, market sentiment, and macroeconomic trends. As with any digital asset, investing in CFX carries risks and requires a well-thought-out strategy alongside proper risk management. Disclaimer: This trading idea is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies like CFX carries substantial risk, including the potential for a total loss of investment. Always conduct thorough research, assess your financial position, and consult with a professional advisor before making investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast