$CFX
$CFX/USDT Breakout Alert: +9% Move & Climbing! 🚀
Technical Analysis:
$CFX is currently one of the top performers, showing a massive +9.05% gain in the last hour. The 1H chart suggests there is still room for more upside:
Bullish Trend: The price is trading well above the Middle Bollinger Band ($0.0510), indicating strong upward momentum.
Indicators:
RSI (10): Currently at 70.44, which shows strong buyer dominance. While it’s entering "overbought" territory, high-momentum coins often stay here during a breakout.
MACD: A clear bullish crossover has occurred, with the MACD line moving above the signal line—a classic buy signal.
Volume: We are seeing a significant spike in volume (78.96M CFX), confirming that big players are stepping in.
🎯 Trading Plan:
Current Price: $0.0530
Target 1: $0.0541 (Testing 24h High)
Target 2: $0.0575 (Recent Weekly Resistance)
Stop Loss (SL): $0.0510 (Below the Middle Band for safety)
Strategy: Look for a clean break and hold above $0.0541 to confirm the next leg up. If it fails to break the high, expect a small retest of the $0.0510 support before the next move.
Remember: Always manage your risk and use a Stop Loss. DYOR!
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