$CFX Absolute bloodbath, insanely oversold, looking for a Dead Cat Bounce 😉🔥
Trading Plan Long $CFX ( High Risk-High Profit)
Entry: 0.0535 – 0.0539
SL: 0.0525 (Strict)
TP: 0.0555
TP: 0.0582
TP: 0.0623
The RSI levels are at historic lows (1H RSI at 6.2 is completely absurd). The rubber band is stretched so far down that the sellers are completely out of breath 🥶. A short-term, Dead Cat Bounce is highly probable here just to reset the indicators.
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CFXUSDT
Perp
0.05408
-4.45%