CFX/USDT Technical Analysis (1D Chart)
Current Status:
We observe that Conflux (CFX) has reached a very solid historical support zone at 0.04030. At the current price of 0.04950, strong technical reversal signals are emerging:
MACD: A clear bullish crossover below the zero line, with momentum bars turning green. This indicates the exit of bears and the entry of bulls.
Stochastic RSI: Moving in a bullish trajectory (around 60), providing the price with the necessary momentum to test upcoming resistances.
SuperTrend: The price is nearing a breakout of the resistance at 0.05719, which is the key to a major price explosion.
Professional Recommendation (CFX):
Entry Zone: Current market price (0.04950) or on any minor pullbacks toward 0.04500.
Target 1: 0.05719 (Trend validation).
Target 2: 0.09810 (Major supply zone).
Target 3: 0.13070 (Mid-term structural target).
Stop Loss (SL): Daily close below 0.03800.
Article: Has the CFX Bleeding Stopped? Accumulation Has Begun!
I have always taught you: the professional buys when everyone else is bored. CFX is currently in a "Whale Accumulation" zone par excellence. Technical indicators, especially the MACD, are giving us the green light for the start of a recovery journey. We are only waiting for a breakout of the 0.05719 level to declare the official launch. Don't be one of those who buy at the peaks; the bottom is where fortunes are built.
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