CFX short term trade

2023년 3월 16일

High risk trading with uncertain market conditions, but wanted to share this possible short term paly.

So what I am watching is CFX on the 1hr timeframe. There has been a break in market structure and the price action is now creating a small bear flag/wedge just under resistance.

This is also helpful to pair with BTC being just under a resistance level, so if BTC breaks through this level marked then there is a high likelihood that the CFX trade will get stopped out.

https://www.tradingview.com/x/ZBarXuAS/