CFX Morning Market Analysis (Oversold Rebound Phase)


Current price 0.2325, 24-hour surge +14.08%, ranking on the increase list, entering a strong rebound period in the short term.
Key Position:
• Upper resistance: 0.2341 (yesterday's high) → 0.2360 (Rebound new high) → 0.2400 (psychological level)
• Support below: 0.2196 (retesting the low) → 0.2092 (strong support zone)
Operating Strategy:
1️⃣ Follow the trend to go long (main strategy)
• The current price of 0.2325 has broken through the early morning platform.
• If it retraces to 0.2280 - 0.2300 without breaking, you can follow up with a light position.
• Target level: 0.2360→0.2400
• Stop Loss: below 0.2250
2️⃣ Breakthrough Add-on Opportunity
• After breaking through 0.2341 with increased volume
• If the second pullback does not break, you can increase your position.
• The target is looking at the range of 0.2450 - 0.2500
3️⃣ Short against the trend (cautious)
• Only limited to the first time reaching the integer level of 0.2400
• Require a significant long upper shadow
• Target 0.2350 - 0.2360
• Strict stop loss above 0.2420
CFX-0.34%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)