【$CFX Signal】Long - 1H pullback confirmation, 4H trendline support for rebound

$CFX The 1H timeframe is oscillating narrowly around the EMA20 (0.0532), digesting the gains from the previous 4H bullish candle. The 4H timeframe has already broken above the EMA50 (0.0524), shifting the overall structure from a downtrend to a sideways to bullish trend. The current price retracement near the short-term upward trendline is a key trading point.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0530 - 0.0532 (Reason: 1H EMA20 support resonating with 4H upward trendline)

🛑Stop Loss: 0.0525 (Reason: Break below 4H EMA50 and previous minor support, structure broken)

🚀Target 1: 0.0542 (Reason: Previous high resistance level, also a recent 4H high)

🚀Target 2: 0.0555 (Reason: 1.618 Fibonacci extension level, corresponding to the recent daily resistance zone)

🛡Trade Management:

- Position Size: Light (Reason: No clear volume breakout signal on 1H yet, a left-side trading approach)

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price drops sharply below 0.0530 with volume, abandon the entry and wait for a better opportunity.

Deep Logic: Open interest remains stable (OI), not decreasing with minor price retracements, indicating that long positions are not being significantly closed. Funding rate is negative (-0.0040%), suggesting potential short squeeze risk. Market depth shows sell orders stacked around 0.0533-0.0534; a volume breakout above this zone could open upward space. The 1H RSI is at 53.9, in a neutral zone with room to move upward.

View real-time market 👇 $CFX

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