📊 #CFX/USDT.P is giving us very good signal 🚦 🔥📉
$CFX is currently trading around 0.0542 USDT and reacting at a major 4H resistance / decision zone.
After a strong bullish impulse from the 0.044 area, price pushed into the 0.057–0.058 supply zone and got rejected. Now we’re seeing consolidation right at horizontal resistance turned key level.
This is a critical area.
🔴 If this level holds and we see a confirmed breakdown → downside continuation is likely.
🟢 If buyers reclaim and close strongly above resistance → bullish continuation setup.
Right now, it’s a wait-for-confirmation zone.
🎯 Trade Plan:
$CFX 👇
Timeframe: 4H
🔻 Entry:
Wait for a strong 4H candle close below 0.0538 – 0.0535 support with volume confirmation.
Enter on breakdown + minor pullback.
🎯 Targets:
TP1: 0.0515
TP2: 0.0498
TP3: 0.0475
🛑 Stop Loss:
Above 0.0565 (above recent lower highs / structure resistance)
⚠️ No confirmation = No trade.
Let the market break and retest before entry.
This is a high-liquidity zone. Fake breakouts are possible.
Patience > Emotion.
Risk management is key.