๐ Conflux ($CFX ) โ TreeGraph 3.0 & Yuan-Stablecoin Trigger Breakout Rally
CFX has surged ~70% in the past week, breaking out above $0.22 before consolidating around $0.18โ0.19 on heavy volume (~$300M/day). The rally follows the unveiling of Conflux 3.0โa protocol upgrade supporting 15,000 TPS, AI agent execution, and EVM compatibilityโalongside a strategic partnership to launch an offshore yuanโpegged stablecoin for Belt & Road corridors. These headlines also triggered a massive short squeeze, liquidating ~$7โ11M, burning ~76M tokens, and staking over 500M CFX (~11% supply tightened).
๐ Trading Plan:
Retrace Play: Buy around $0.18โ0.19, tight stop around $0.17, targets at $0.21 โ $0.225
Breakout Entry: On confirmed daily close above $0.22, stop ~ $0.217, targets: $0.24โ0.247 โ $0.28+
Hold Strategy: Accumulate dips $0.16โ0.18, stop < $0.15, with company-leading upside into $0.30โ0.35+ territory as Conflux adoption ramps and China-aligned narratives build.
โ ๏ธ Notice: RSI readings are extreme; short-term pullbacks possible. Watch volume confirmation and daily candle structure. Upside drivers remain strong thanks to TreeGraph 3.0 rollout and new stablecoin integration.
#Conflux #CFX #TreeGraph3 #ChinaBlockchain #CryptoTrading #TradeSetup #DeFi #AIonChain
