CFX. Who’s still watching this China narrative coin or already forgot about it? According to market chatter, Asian risk appetite is quietly coming back and CFX keeps popping up in news feeds around ecosystem development, so any clean technical setup here can move fast. Right now price is parked right above a key demand zone after the latest shakeout, which is where I like to pay attention.
On the 4H chart we bounced off the green 0.048-0.05 area, exactly where the heaviest volume node sits, and are building higher lows. RSI turned up from oversold and crossed its average, hinting that sellers are finally tired. As long as candles hold above 0.05, I lean to the upside with room toward 0.055 first and then the 0.058-0.06 red resistance.
My basic game plan: ✅ look for longs on pullbacks into 0.051-0.052 with invalidation below 0.049 and targets at 0.055 then 0.058-0.06. If price loses 0.049 and stays under that volume cluster, this turns back into a fade and 0.044 support comes back into play. I might be wrong, but until that breakdown happens I treat CFX as a dip-buy candidate, not a short.