【$CFX Signal】Pullback to go long! 1H RSI bullish divergence, strong market support, anticipation of rebound

$CFX The 1H timeframe is building a short-term base above 0.0500, with RSI showing bullish divergence signals. The price has fallen but selling pressure is weakening. Although the 4H timeframe is in a downtrend channel, the current 1H has entered oversold territory, and market depth shows buy orders significantly thicker than sell orders, indicating a technical rebound is likely. Open interest remains stable, not indicative of panic selling, suggesting that the main players may be accumulating.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0503 - 0.0505 (Reason: 1H EMA20 initial resistance zone, dense support zone in market depth )

🛑Stop loss: 0.0497 (Reason: Break below recent 1H lows and psychological level 0.0500 )

🚀Target 1: 0.0515 (Reason: 1H previous high resistance and EMA50 resistance )

🚀Target 2: 0.0522 (Reason: 4H downtrend channel upper boundary and previous small platform resistance )

🛡️Trade management:

- Position size suggestion: Light position (Reason: 4H trend remains bearish, this is a counter-trend rebound play )

- Execution strategy: After the price reaches 0.0515, move stop loss up to entry price 0.0505. For remaining positions, target 2. If the 1H candlestick closes below 0.0510, exit all positions.

Depth logic: The 1H RSI(36.73) has turned up from low levels, forming bullish divergence with the price. Market depth shows large buy orders accumulated in the 0.0504-0.0505 range (depth imbalance -10.32%), creating a solid support wall. Despite the 4H trend downward, the 1H signals clear market support, suitable for quick in-and-out short-term trades.

View real-time market 👇 $CFX

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