$CFX – Lower high consolidation signaling weakening momentum
Trade Setup: Short $CFX
• Entry Zone: 0.0558 – 0.0575
• Target 1: 0.0538
• Target 2: 0.0522
• Target 3: 0.0505
• Stop Loss: 0.0595
CFX made a strong impulsive move upward but quickly lost momentum near the 0.059 resistance zone. Price is now forming a lower-high consolidation structure, with sellers gradually pushing price down. This suggests potential continuation to the downside if support begins to break.
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CFXUSDT
Διην.
0.05507
-3.02%