​📈 Trade Setup: $CFX /USDT (Long)

CFX
CFXUSDT
0.04895
-4.91%

​The price has reclaimed the moving averages and shows high volume on the upward move, suggesting a trend reversal or a strong relief rally.

​Entry Strategy

​Current Price: 0.05268

​Optimal Entry: 0.05200 – 0.05260

​Wait for a small "retest" of the previous candle's body to ensure you aren't buying at the absolute peak of the current wick.

​Target Levels (Take Profit)

​We are looking at previous resistance zones for targets:

​TP 1: 0.05430 (Near recent local high)

​TP 2: 0.05650 (Psychological resistance)

​TP 3: 0.05800 (Major daily resistance level)

​Risk Management (Stop Loss)

​Stop Loss (SL): 0.04980.

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