【$CFX Signal】Long - 1H breakout and retest confirmation, main force clearly intends to support the market

$CFX The 1H timeframe is consolidating strongly above the EMA20, just confirming a breakout above the previous high of 0.0521. The 4H timeframe has formed three consecutive bullish candles, breaking the descending trendline, indicating a trend reversal to bullish. The current price has slightly retreated after the breakout, presenting an excellent opportunity for a second entry.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0527 - 0.0529

🛑Stop Loss: 0.0519 (Below the 1H breakout previous high and EMA50 support)

🚀Target 1: 0.0545 (Previous wave high and 4H resistance)

🚀Target 2: 0.0565 (Strong resistance zone on the daily chart)

🛡️Trade Management:

- Position: Standard size. Current open interest remains stable, and the price has risen without a surge in open interest, indicating healthy upward movement rather than pure short squeeze.

- Execution Strategy: After reaching 0.0545 (Target 1), reduce position by 50%, and move the remaining stop loss up to the entry price of 0.0529 to lock in profits. If the price strongly breaks above 0.0545 and stabilizes, move the remaining stop loss to break even and hold for Target 2.

(Depth Logic: The 1H RSI is at 73.78, showing short-term strength but not in extreme overbought territory. Watch the order book: there is significant sell wall accumulation at 0.05285-0.05287 (31924+42518), a typical testing level for selling pressure by the main force. Once absorbed, upward space opens. The buy/sell ratio on the 4H chart at breakout is 0.51, indicating dominance by buyers. Funding rate is 0.01%, positive but not high, with no overheating risk. Market logic suggests price will rise, supported by stable open interest, indicating main capital inflow rather than pure short covering. )

Check real-time market 👇 $CFX

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