$CFG/USDT Update: Bearish Pressure Intensifies as Support Fails! 📉🚨

The market structure for Centrifuge ($CFG) is showing clear signs of weakness. Back-to-back long liquidations at $0.2646 and $0.26332 confirm that buyers were forced out near critical support levels, signaling a dominant downside pressure that cannot be ignored.

Market Analysis: 🔍

Price is currently losing its bullish structure and slipping below a key demand zone, which is now rapidly turning into a heavy resistance area. With long-side liquidity already taken, the momentum is accelerating downward as the market seeks deeper liquidity zones below recent lows. This is a clear environment where the trend favors continued downside movement.

Trade Setup (Short Position): ⚡

Current Price: $0.2637 (+2.17%)

Entry Zone (EP): $0.26200 – $0.26500

Stop Loss (SL): $0.27300

Take-Profit (TP) Targets: 🎯

TP1: $0.24800

TP2: $0.23600

TP3: $0.22000

Final Verdict: 🧠

The trend is firmly bearish as the price fails to reclaim lost support. Traders should remain cautious and wait for the price to hit the entry zone before committing to the short move. High volatility is expected, so manage your risk!

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