I’m watching $CFX closely right now because the market structure is starting to shift after a period of consolidation. Price has been holding support well while buyers slowly step back in. This kind of behavior usually shows accumulation before the next expansion move.
Right now the key level is around 0.062. If price manages to break and hold above that zone, it can quickly trigger momentum as breakout traders and FOMO buyers enter the market. At the same time, many late short positions could get trapped, which can add extra fuel for the next move upward.
The chart is showing strengthening demand with higher reactions from buyers. As long as support holds, the probability favors a continuation toward the next resistance zones.
Trade Setup
Entry Zone:
0.0608 – 0.0618
Stop Loss:
0.0584
Target Points:
TP1: 0.0635
TP2: 0.0652
TP3: 0.0670
TP4: 0.0695
I’m entering in the support zone because it offers a better risk-to-reward position. The stop is placed below the recent support area to manage risk if the structure fails.