The price of #CFX is moving between strong resistance and support areas in the daily time frame.
After reaching the resistance area of $0.5500-0.4850, the price reacted strongly to it and started to decrease (more than 70% ).
Bearish candles are still strong, so the power is still in the hands of the sellers. If the price can break the dynamic resistance that has been reduced every time after reaching it, it can start to return to the resistance level, otherwise the price will move towards the important demand area of $0.1100-0.0950.
After reaching the resistance area of $0.5500-0.4850, the price reacted strongly to it and started to decrease (more than 70% ).
Bearish candles are still strong, so the power is still in the hands of the sellers. If the price can break the dynamic resistance that has been reduced every time after reaching it, it can start to return to the resistance level, otherwise the price will move towards the important demand area of $0.1100-0.0950.
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#CFXUSDT is showing strong signs of a bullish continuation as it moves from a key support level toward retesting the minor resistance above. If price action holds momentum here, #CFX consistently respects this resistance zone, and if momentum sustains, an imminent breakout is on the horizon.
However, the bullish scenario isn't confirmed yet. The crucial level to watch is the minor resistance at $0.1730. We need a decisive break above this level, accompanied by strong engulfing candles and sustained momentum. Until that happens, we must stay cautious and avoid rushing into positions. It’s all about patience in these moments.
However, the bullish scenario isn't confirmed yet. The crucial level to watch is the minor resistance at $0.1730. We need a decisive break above this level, accompanied by strong engulfing candles and sustained momentum. Until that happens, we must stay cautious and avoid rushing into positions. It’s all about patience in these moments.
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