Current Situation:
Price Level: CFX has broken the 50-day Moving Average (MA) and the daily downtrend, showing potential for a bullish move.
China Narrative: Based on recent positive news related to China, there might be a pump affecting Chinese tokens, including CFX.
Trade Strategy:
Entry Point: Enter a long position at the current price or within the range of $0.223 to $0.227.
Take Profit Targets:
First Target: $0.242
Second Target: $0.258
Stop Loss: Set a stop loss at a candle close below $0.22 to manage risk.
Summary:
CFX has shown signs of turning bullish after breaking key technical levels and could benefit from the recent positive China-related news. The trade strategy involves entering at the current price or slightly below, with profit targets set at $0.242 and $0.258. The stop loss is set to trigger on a candle close below $0.22 to minimize potential losses.
Price Level: CFX has broken the 50-day Moving Average (MA) and the daily downtrend, showing potential for a bullish move.
China Narrative: Based on recent positive news related to China, there might be a pump affecting Chinese tokens, including CFX.
Trade Strategy:
Entry Point: Enter a long position at the current price or within the range of $0.223 to $0.227.
Take Profit Targets:
First Target: $0.242
Second Target: $0.258
Stop Loss: Set a stop loss at a candle close below $0.22 to manage risk.
Summary:
CFX has shown signs of turning bullish after breaking key technical levels and could benefit from the recent positive China-related news. The trade strategy involves entering at the current price or slightly below, with profit targets set at $0.242 and $0.258. The stop loss is set to trigger on a candle close below $0.22 to minimize potential losses.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.