【$CFX Signal】Long - 1H pullback confirmation, main force supporting the market, about to make a second push

$CFX The 1H level is supported near EMA20 (0.0545), and the price is refusing to fall further. The 4H level shows a consolidation bottoming structure, with the current price located at the upper end of the dense 4H candlestick bodies, gathering strength. Market logic indicates "price declines, open interest stable," which is not main force distribution but more like a shakeout or a strong rally, preparing for the next upward move.

🎯Direction: Long (Long )

🎯Entry/Order: 0.0546 - 0.0548 (Reason: 1H EMA20 support zone, order book shows buy orders stacking )

🛑Stop loss: 0.0537 (Reason: Break below recent 4H low and ATR lower band )

🚀Target 1: 0.0558 (Reason: 1H previous high resistance, near 4H EMA50 )

🚀Target 2: 0.0570 (Reason: 4H Fibonacci 0.618 retracement level )

🛡️Trade management:

- Position suggestion: Light position (Reason: Overall trend remains volatile, waiting for a clearer breakout )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to entry price 0.0546. If the price strongly breaks through 0.0558, the remaining position target can be set at 0.0570.

Deep logic: Open interest remains stable, and no collapse in open interest occurs during price declines, indicating that the bullish main force has not exited. The 1H RSI (51.86) is in a neutral to slightly strong zone, with room for upward movement. Market depth shows large buy orders stacked in the 0.0545-0.0546 range (over 300,000 USDT), forming a strong support. Funding rate is slightly positive (0.0071%), with no overheat shorting risk, conducive to healthy upward movement.

View real-time market 👇 $CFX

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