CFX/USDT – Bottom Reversal in Play? 🚀*
*Current Price:* $0.06169
*Position:* Long
*Targets:* $0.10 → $0.15 → $0.20
*Invalidation:* 3D close below $0.0520
*Chart Breakdown [3D Timeframe]:*
1. *Reclaiming MAs*: Price just flipped MA(7) at $0.05755 and MA(25) at $0.05524 into support. That’s the first bullish structure shift since the downtrend from $0.15630.
2. *Bottom Formation*: Double bottom around $0.04030 with a strong bounce. Current candle testing $0.06350 high. Break that and next major resistance is MA(99) at $0.10269 — right at my first target.
3. *R/R*: Entry ∼$0.0616 to $0.10 = +62%. $0.15 = +143%. $0.20 = +224%. Risk to $0.0520 = ∼15%. Clean risk-reward for a swing.
4. *Volume*: Notice the volume spike on recent green candles. Buyers stepping in after months of sell-off.
5. *Trade Plan*: Accumulate $0.0580-$0.0620 zone. Book 30% at $0.10 near MA(99). Trail rest for $0.15 and $0.20. Invalidation if 3D closes below $0.0520.
*Summary*: CFX looks to have bottomed at $0.04 and is starting a trend reversal on the 3D. If BTC holds, $0.10+ is very realistic. MA(99) at $0.10269 lines up perfectly with T1.
Chart attached 📈👇
DYOR. Not financial advice. Always manage risk.