CFX/USDT At Major Support — Last Line Before a Deeper Drop?CFX/USDT on the Daily (1D) timeframe is still trading within a medium-term bearish trend, characterized by a clear sequence of lower highs and lower lows since the peak around the 0.27–0.28 area.
Price has now declined back into a historically strong demand zone at 0.072 – 0.063, which previously acted as an accumulation base before a strong bullish impulse.
This area represents a critical decision zone for the next major move.
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Pattern & Technical Structure
1. Descending Trendline (Bearish Control)
A well-defined descending trendline connects the major swing highs since August.
Each touch of this trendline resulted in strong rejection, confirming persistent seller dominance.
2. Descending Channel / Bearish Continuation
Price structure forms a descending channel, reflecting gradual distribution.
Current price action is located near the lower boundary of the channel, close to key support.
3. Strong Horizontal Demand Zone
The yellow zone at 0.072 – 0.063 represents:
A strong historical reaction area
Previous rebound levels
A psychological deep discount zone
This zone has the potential to act as a base for reversal if buyers step in aggressively.
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Key Levels
Support
Major Support (Key Demand): 0.072 – 0.063
Critical Breakdown Level: 0.059
Resistance
Minor Resistance: 0.085
Mid Resistance: 0.104
Major Resistance: 0.125
Upper Resistance / Distribution Zone: 0.165 – 0.185
Macro Resistance: 0.230
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Bullish Scenario
Bullish conditions require:
Price holding above 0.072
Formation of a base / consolidation
Appearance of a bullish daily close (pin bar, engulfing, or strong bullish body)
Potential bullish move:
1. Rebound from the 0.072–0.063 demand zone
2. Break above minor resistance at 0.085
3. Upside targets:
0.104
0.125
Strong momentum continuation → 0.165 – 0.185
Bullish Conclusion:
This area offers a high-risk, high-reward accumulation opportunity for swing traders, as long as the key support remains intact.
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Bearish Scenario
Bearish confirmation occurs if:
A strong daily close below 0.063
Breakdown accompanied by increasing volume
Failure to reclaim the 0.072 level
Potential bearish continuation:
Further downside toward:
0.059
Possible deeper liquidity zones if panic selling occurs
Note: A breakdown of this zone confirms that the bearish continuation phase remains active.
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Conclusion
CFX/USDT is currently trading at a major decision zone.
Bounce from 0.072 – 0.063 → potential relief rally or trend reversal
Breakdown below this area → confirmation of bearish continuation
Market is at a critical turning point.
Strict risk management is essential in this region.
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