Technical analysis by tradecitypro about Symbol CFX: Buy recommendation (5/24/2025)

👋 Welcome to TradeCityPro Channel!Let’s dive in and analyze another altcoin in the market, CFX, which is likely to experience a highly volatile week ahead, offering great trading opportunities.🌐 Overview BitcoinBefore starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.🕒 Weekly Time FrameCFX stands out as an older coin with prior bull-run experience. It’s trading above last year’s lows and hasn’t experienced steep declines.Yesterday, we analyzed this coin briefly, but today, we’ll go into more detail. Unlike most altcoins that began their bullish moves from their lowest levels, CFX has already started its upward trajectory from 0.1219.Fibonacci analysis shows that 0.1219 aligns with the 50% retracement level—a significant support both in Fibonacci terms and Dow Theory. After forming a range around this level and breaking the 0.1810 trigger, the coin moved toward its first target at 0.2596.However, we were rejected at 0.2596 and even lost the critical support at 0.1087, dropping to the next support at 0.0647. Currently, it appears we’re pulling back to the key 0.1087 level.📊 Daily Time FrameOn the daily chart, CFX was in a ranging box, forming higher lows. A breakout above 0.1851 was accompanied by a strong entry candle with buyer momentum, an RSI entry signal, and volume confirmation. Stop-loss was set at the daily low of 0.14.If you followed this trigger, you’re likely in profit despite the current red daily candle. This correction is healthy, as an uptrend without pullbacks or red candles is often unsustainable.After breaking the daily box between 0.1046 and 0.1230 and losing its support with an engulfing candle, we experienced a downward move to 0.0647. From there, sellers effectively exited the market, and buyers showed strength. After breaking 0.0823, we formed higher highs and lows. Now, after breaking 0.1046, we can consider buying for spot, with the main trigger being a break of 0.1230.✍️ Final ThoughtsStay level headed, trade with precision, and let’s capitalize on the market’s top opportunities!This is our analysis, not financial advice always do your own research.What do you think? Share your ideas below and pass this along to friends! ❤️