$CFX

Heavy downtrend with compression setting in at the lows. Price is trapped beneath the 7 MA at 0.05911, the 25 MA at 0.06061, and the 99 MA at 0.05919 — a textbook death alignment. The entire moving average stack is sloping down, confirming bears are in full control.

The drop from 0.07200 has been relentless, but price is now consolidating just above the structural support at 0.05799. Momentum is exhausted to the downside, and the 7 MA is starting to flatten. This is where reversals are born if buyers step in, but no confirmation yet. The 0.05919-0.06061 zone is the first test bulls must pass.

Support is clear at 0.05799. Resistance overhead is tight at 0.05919, then the 25 MA at 0.06061. A reclaim of 0.06061 flips the short-term structure.

- Entry Zone: 0.05800 – 0.05863 (only on a confirmed support bounce)

- TP1: 0.05919

- TP2: 0.06061

- TP3: 0.06200

- Stop-Loss: 0.05750 (below local support)

This is a bottom formation attempt, not a bottom confirmed. Respect the trend, but watch the 0.05800 reaction like a hawk.

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