🔻 $CFX / USDT – Negative momentum intensifies
📉 Current situation:
CFX is under continuous selling pressure after failing to hold above 0.0817, and the price is pressing near daily lows around 0.0700.
📊 Momentum is negative, and trading volume confirms a clear distribution, with buyers unable to protect support levels.
📌 Trade setup (Short):
Entry area: 0.0728 – 0.0735 (Sell on any bounce)
Targets:
TP1: 0.0700
TP2: 0.0685
TP3: 0.0670
Stop loss: 0.0820 (above the last peak)
📉 Market outlook:
The price is trading below moving averages and EMAs → clear bearish structure
The 0.0700 level is critical support
Breaking it could open the way for faster declines
Any bounce towards 0.0735 – 0.0740 is considered merely corrective
⚠️ Overall trend: Negative until further notice
⏳ Trade cautiously and follow strict risk management
