CFG is on the cusp of a major breakout, with the current price hovering just above the crucial 0.2998 level, which has been a sweep zone for bulls. This level has been heavily contested, and a successful hold above it could trigger a significant wave of buying pressure.
From a technical standpoint, the high-time frame (HTF) chart is painting a bullish picture, with the RSI sitting at 59 and volume at 0.4x, indicating a moderate level of buying interest. The SMC Score of 7.6/10 further reinforces this bullish bias. The recent price action has formed an order block + fair value gap (FVG) sandwich zone, which is a high-probability setup for a long entry.
Here are the trade levels:
Entry: 0.29980
Take Profit 1: 0.31269 (RR 1.7x)
Take Profit 2: 0.33201 (RR 4.2x)
Stop Loss: 0.29221
Given the current market structure and technical analysis, I'm confident in a long position for $CFGUSDT.
Followers, keep a close eye on the 0.2998 level and be prepared to adjust your strategy accordingly.
#BinanceSquare #CFG #CryptoSignals #Futures #SmartMoney