Market Pulse: $CFG Technical Breakdown
I’ve been scanning the lower timeframes on Centrifuge $CFG and the 15m chart is currently flashing signs of structural weakness. After a failed attempt to reclaim the mid-range liquidity, the bears have stepped back into the driver's seat.
The Technical Breakdown:
* Triple MA Rejection: We are seeing a clean rejection from the MA(7), MA(25), and the higher MA(99). The price is currently pinned below all three key moving averages, which is a classic bearish signal on shorter timeframes.