$CFX is showing a classic "tug-of-war" at key levels. After bouncing from the $0.064 support, it’s currently hovering around $0.073 - $0.075.
Here is the quick breakdown:
The Setup 📊
* Resistance Zone: $0.075 – $0.078. Sellers are active here, preventing a clean breakout.
* Support Level: $0.072. This is the immediate floor buyers need to defend.
* The "Ouch" Zone: If $0.072 fails, a retest of the $0.064 lows is likely.
The Narrative ⚡
* Bull Case: Holding above $0.072 could ignite a rally toward $0.085+. Buying pressure is higher than in previous weeks, but volume needs to pick up to break the ceiling. 🚀
* Bear Case: Technicals show a broader downtrend on daily charts. Without a solid close above $0.078, this bounce might just be another "lower high" before a deeper drop. 📉
Bottom Line 🔥
It’s a make-or-break moment. Watch the $0.072 level closely; it’s the line in the sand for the bulls.
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