CFX
KLAY on Strong trendline resistanceKLAY on Strong trendline resistance
Wait for Breakout and Retest or Rejection
CFX - SCALABILITY ITSELF 🧩Conflux Blasts Off Nearly 40% In Single Day – Will CFX Soar Higher Amid Banking Crisis?
Well, $CFX price tells everything! +160% in 4 successive days, this only shows how confident the investor is.
You missed getting in early? no worries, technically $CFX is faceing a double top resistance and early buyers are most likely to take profits at this level, a healthy correction towards $0.25 is likely in next few days so make sure you set your alerts!
Regarding my risk management for this trade, I am looking for buys at 50-60% correction and targeting $0.5 for TP which is ~2X return.
Make sure you follow me for more solid investment ideas.
CFXUSDOn the 30M Time frame as you can see short term short until 0.4092 however I do have a strong feeling if BTC does manage to brake 28.7k we will see CFX try and go for 0.50 which was pervious high. If we see short term pullback then I expect to see CFX touch .236 fib which is around 0.403433
Otherwise on 4 HR time frame we have good support at 0.5 fob - 0.30 level
CFX - Counter StrategyStill in the short from 0.48 but considering alternative outcomes.
The ceiling is at 0.77 and presents a realistic target for early April. Interestingly this is the trend based Fib indicates a key level of resistance there. I'm considering a sizable hedge.
Best, Hard Forky
Local Short
CONFLUX- Amazing Structure ✔️First time i heard from these guys all i said was: 'The Chinese are back'! And they are the good kind of China men and women. My good friends in Hungary also involved in the project and it took me a bit of research and studying to say: ''I LIKE THIS!!!''
I've been involved with trading CFX and it's been great to me (i did close a trade with losses before re-entering at 0,31 couple of days ago. Spot? That I am not selling yet).
I see potential for 0,79$ here but I am used to taking profit partially and will do so at 50c and 63c.
The project is innovative, they even asked to interview me as a Key opinion leader to develop something interesting for people like me that do charts. i liked the idea but can't share more.
I can tell you one thing though: This Team is full of energy and they stand for hard work! Unlike many cryptos out there they seem to be delivering and i can bet some money on them, i think they will do great!
One Love,
The FXPROFESSOR
CFX bad entry Solution 2023/03/25Current conditions for analysis:
- 2000 Units have been opened at 0.39
- Exit price 0.2
- Current lost at 0.2= 240 $
Strategy:
1. Open grid bot 0.35-0.2
(Bot will reduce entry price minimise losses)
2. If market conditions are ok reopen a same size position
3. Calculate risk/reward ratio
4. Close position back to previous maximum
*Follow up analysis require in April 6th (2023/02/06)
CFX CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the CFX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FOMC news release, preparing for short positions BTC ended up printing a swing pattern failure. So I am now preparing for shorts positions and this chart shows when I am anticipating to find my best entries on those. This chart also shows that I am not looking to take any long positions unless we see a strong move higher form the buyers.
So I am preparing for short positions now but waiting for the right signal from BTC. And when it’s time to enter, we need to have positions ready. This may happy overnight or when I’m not able to post so wanted to share some setups that I am watching. The idea here is NOT to enter all of them, but to choose the ones that look the best when BTC is in it’s rejection area or sell pressure is showing up. The best way to manage these is to set alerts on each one on TradingView so you are alerted when each is near our target zone.
I won’t be providing much detail on each of these setups as they are all very similar. Really just wanting to see price action come back and bearishly retest the recent resistance.
CFX ready to pump - The only regulatory compliant chain in ChinaAs the only regulatory compliant chain in China, Conflux is facilitating entry to the Asian market for other globally minded crypto projects.
CFX - Long rough Idea
This is an update for CFX -
This is my expected price action for the coming days. I WILL FOLLOW FOR THE NEXT BIG POTENTIAL PUMP.
Let's see how it plays out,
Thanks for your comments.
*Always use stop loss/Risk Management.
Conflux(CFX), a project with 💲2000% profit💲 (🗺️Roadmap🗺️)!!!Today let's take a look at the Conflux project, which has grown nearly 😱➕2000%➕ 😱in the last 80 days.
First, let's see what kind of project Conflux is.
Fundamental :
Conflux is a high throughput first layer consensus blockchain that utilizes a unique Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability.
As the only regulatory compliant, public, and permissionless blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia, connecting decentralized economies to strengthen the global DeFi ecosystem.
Despite the recent banking collapse in the United States that has become a source of worry for those in the crypto industry, some cryptocurrency projects emerge unscathed, and CFX is one of them.
Also,The Conflux is the only blockchain in China that complies with legal requirements and utilizes the Tree-Graph consensus mechanism for increased throughput and scalability.
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Technical :
Conflux started its impulse waves after breaking the important downtrend line.
In order to know whether we still have the opportunity to invest in the Conflux project token(CFX), we must examine the current technical conditions of this token.
Conflux confirmed the start of wave 5 after breaking the 🔴resistance zone($0.362-$0.320)🔴 by 🟢bullish Marubozo candle (standard)🟢 and it is likely that wave 5 will continue until the 🔴heavy resistance zone($0.832-$.0635)🔴; as a result, the CFX token may grow by 👍+60%👍.
As long as Conflux does not lose its uptrend line and confirms the uptrend 50-SMA and 50-EMA, we can hope for the target of 👍+60%👍.
Conflux Analyze ( CFXUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
CFX Short and Long Swing SetupCFX currently forming MTR on its 4 hour chart, However, this current pump is heading to red resistance which is also a pull back to golden 66% of first bearish leg. I am expecting a second bearish leg, after this pull back heading to 0.096 area, which is also a golden 66% pull back of major bullish leg!:-)
For those of you who missed this current move including myself, I am taking a short position, at marked price(Red) on chart with TP of my entry price for long swing setup.
I would update SL on each position after Filling my orders.
Longest trade I ever had:-)
Lets see