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$CXMT Bouncing Back Strongly — Is 6.80 the Next Target?



$CXMT LONG SETUP 📈

Entry: 6.52–6.56
SL: 6.44
TP1: 6.65
TP2: 6.74
TP3: 6.82
Extended Target: 6.90

Trigger: 1H bullish rejection from the entry zone, followed by a successful support retest.

Invalidation: 1H close below 6.44.

$CXMT is recovering after a sharp rejection from 6.739. Buyers are defending the 6.50 support area, and a confirmed breakout above 6.65 could open the door toward 6.74–6.82. Watch for continuation if support holds.
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CXMTCXMT-1.22%

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SupportRes
an hour ago
The extended target of 6.90 is a bit far off; taking profits in three batches is safer
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ChartIron
an hour ago
If 6.50 holds as support, reaching 6.74 shouldn't be difficult
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CollateralCora
an hour ago
CXMT's pullback has been deep enough; now it's a matter of whether the bulls can regain momentum
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RWA_Captain
an hour ago
The risk-reward ratio on this trade is decent, but keep your position size under control; exit decisively if it drops below 6.44
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HoldLikeASong
an hour ago
First Review
The target around 6.82 is resistance at the previous high; consider reducing positions
0View Original