【$CFX Signal】Short position, waiting for selling pressure to exhaust

$CFX is experiencing panic selling after a volume-driven decline. The price, combined with high open interest and the extent of the drop, suggests a chain reaction triggered by long liquidation rather than pure main force distribution. The current market requires waiting for clear signals of selling pressure exhaustion and a stable price structure.

🎯Direction: Short (NoPosition)

Market logic: A decline accompanied by high open interest is a typical long leverage wipeout process. The first rebound after such a sharp drop is usually fragile, and the true bottom requires time to build and confirmation through volume and price. Currently, there is no clear left-side support structure; the right side needs to wait for the price to re-establish above key moving averages or form higher lows. Small losses, big gains—profit from probability. Patience and observation are the best strategies right now.

Trade here 👇 $CFX

---

Follow me: Get more real-time analysis and insights into the crypto market!

‍#Gate广场创作者新春激励 #我的周末交易计划 #GateLive直播挖矿公测开启 #加密市场回调 $BTC $ETH Trading