CFX midday market analysis (pullback phase)

Current price 0.2136, 24-hour increase +7.88%, retreated from the morning high of 0.2341, in a technical correction phase.
key position
• Upper pressure: 0.2173 (Asian session rebound high) → 0.2233 (key intraday resistance).
• Support below: 0.2112 (current level) → 0.2060 (4-hour MA20), there is a dense short liquidation position around 0.21 below, which may constitute strong support.
operating strategy
• Buy on dips: If it stabilizes in the range of 0.2090 - 0.2110 after a pullback, and the 15-minute RSI < 40, you can take a small long position, targeting 0.2170 - 0.2200, with a stop loss below 0.2060. Because CFX has been showing strong recent performance, a pullback to key support levels combined with technical indicators showing oversold conditions may lead to a rebound.
• Short on rebound: If the price rebounds to the range of 0.2170 - 0.2200 and shows a long upper shadow, a short position can be taken, targeting 0.2130 - 0.2110, with a stop loss above 0.2220. At this point, the price is close to the upper resistance level, and if it cannot break through effectively, it may face resistance and fall back.
• Breakout Long: If it breaks through 0.2173 with volume and pulls back without breaking, it can be followed up, targeting 0.2230 - 0.2250. A breakout with volume means strong bullish momentum, and the price may rise further.