$CFX SHOWING WEAKNESS AT RESISTANCE AFTER A SHARP IMPULSE MOVE 📉
Entry: 0.0485 - 0.0489 🔥
Target: 0.0478, 0.0472, 0.0465 🚀
Stop Loss: 0.0499 ⚠️
The 1H chart shows a clear rejection from the 0.0495 resistance level following a failed breakout attempt. We are seeing consecutive bearish candles that signal the momentum is shifting toward profit-taking.
I am looking for a retracement back to lower support zones as the buyers lose their grip on this range. Once we hit that first target, I will be moving my stop to break even to protect the downside. Do you think this pullback will hold or is a deeper drop coming?
Not financial advice. Always manage your risk.
#CFX #ShortSetup #Crypto #Trading #PriceAction 🎯