CFX → a possible move

١٩ أغسطس

hello guys.

let's analysis BINANCE:CFXUSDT!

1. Consolidation Phase:

1. The price has been moving sideways, trapped between two key levels: a support zone around $0.1230 and a resistance zone around $0.1465.
   
2. This consolidation is marked by the yellow rectangles, indicating areas where the price has found significant support and resistance.
   

2. Resistance Zone:

1. The resistance level at $0.1465 is critical. During the recent consolidation phase, the price has struggled to break above this level.
   
2. If the price can break through this resistance, it would signal a potential shift from the consolidation phase to an upward trend.
   

3. Bullish Scenario:

1. Upon breaking the resistance at $0.1465, the price will likely target the next resistance level at $0.1707.
   
2. This move would represent a continuation of the bullish trend from the current support level and could signify renewed buying interest.
   

4. Support Zone:

• The support around $0.1230 is strong, with the price rebounding from this level multiple times.
  
• If the price falls below this support, it could indicate a bearish scenario, leading to further declines.
  

Summary

• Consolidation Phase: Price is moving sideways between $0.1230 (support) and $0.1465 (resistance).
  
• Key Resistance: $0.1465 is the crucial resistance level to watch for a potential bullish breakout.
  
• Bullish Scenario: Break above $0.1465 could lead towards $0.1707.
  
• Support Zone: $0.1230 is the key support level; a break below could lead to further declines.
  

___________________________

✓✓✓ Always do your research.

❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.

❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and

٢٤ أغسطس

ملاحظة

it is toward the final target
if you get it you can manage your risk and close half of your position here!

٢٤ أغسطس

أغلقت الصفقة: تم الوصول للهدف

toward the target

٢٦ أغسطس

أغلقت الصفقة: تم الوصول للهدف

I close 80% of my position there due to ascending trendline
#cfx #cfxusd #cfxusdt