Probable long analysis and signal for CFX crypto
Probable long analysis and signal for CFX crypto
In the two-hour time frame, at the bottom of the chart, you can see a good over-block area.
When the price reaches that area, we can enter a long position with great risk and reward.
Of course, you can enter a long position from the current price.
If you place a fibo on the downswing, you will see that the 50 fibo area is itself a heavy supply area, so you can set the target in the same area that I marked with a gold star.
Your possible profit by entering from the first zone is about 9% without leverage
Your possible profit by entering from the second zone is about 30% without leverage
In the two-hour time frame, at the bottom of the chart, you can see a good over-block area.
When the price reaches that area, we can enter a long position with great risk and reward.
Of course, you can enter a long position from the current price.
If you place a fibo on the downswing, you will see that the 50 fibo area is itself a heavy supply area, so you can set the target in the same area that I marked with a gold star.
Your possible profit by entering from the first zone is about 9% without leverage
Your possible profit by entering from the second zone is about 30% without leverage