Technical analysis by GoldenTrades_ about Symbol CFX: Buy recommendation (10/6/2024)

Do you want to know why I thought meme coins are strong?During every pump, all coins follow a certain pattern. This time, they followed a pattern too. But when some coins break those patterns, they become the strongest. What was the pattern?There was a simple pattern that all alts were following: they would touch the 200 Daily SMA. Almost every altcoin that was breaking out would get rejected after touching it, leading to a correction. You can go and check this yourself.Now, CFX is breaking out, and the 200 Daily SMA can be a good target for the short term. By the way, it was rejected there the first time. The good part is, if it reclaims it this time, CFX could become a top gainer and potentially deliver a 30-40% rally. Keep an eye on coins like this. There's always a pattern that is secretly followed. If you identify it early, you'll do well.