CFX is getting ready for a moveThe price has been moving inside a triangle pattern, forming lower highs and higher lows. It’s now at the edge of that triangle, which means a breakout or breakdown could happen soon.
CFX is sitting above the $0.19–$0.20 support zone. If it holds and breaks above the upper trendline, it could move up toward $0.27. But if it breaks below $0.188, that would cancel the setup.
This is a key level, the next few candles will decide the direction.
DYOR, NFA
#Altseason
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.