【$CFX Signal】Pullback to accumulate for rebound, 1H oversold zone gathering strength

$CFX The 1H timeframe is in the oversold area, with the price forming a short-term support level around 0.0479. The 4H timeframe is on the lower edge of a downtrend channel, indicating a technical rebound need. Currently, the 1H RSI has dropped to 29.7, indicating extreme oversold conditions, and the last 1-hour candlestick closed with a lower shadow, showing that buying interest below is beginning to test. Although the 4H trend remains weak, open interest remains stable and has not sharply decreased with the price drop, suggesting it is not purely a bullish trap. The short-term rebound trading opportunity is highlighted.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0478 - 0.0480 (Reason: Current support level at the lower edge of the 1H candlestick body area)

🛑Stop Loss: 0.0474 (Reason: Break below recent strong support level, below ATR lower band)

🚀Target 1: 0.0495 (Reason: Resistance at the 1H EMA20 and previous minor support level)

🚀Target 2: 0.0505 (Reason: Upper boundary of the 4H downtrend channel and previous high resistance)

🛡️Trade Management:

- Position size suggestion: Light (Reason: The 4H trend has not reversed yet, this is a counter-trend rebound, higher risk)

- 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 of 0.0480. If the price fails to break through 0.0495 and falls back, exit at breakeven.

Deep logic: Market depth data shows that buy orders in the 0.0478-0.0476 range are unusually heavy, indicating large order support, which could be organized market support or accumulation. The 1H RSI and price are forming a bullish divergence pattern; if the next candlestick closes bullish, rebound momentum will strengthen. Funding rates are slightly positive, with no extreme negative rates, so the risk of a short squeeze is temporarily low, providing a window for rebound.

View real-time market 👇 $CFX

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