Haven’t been sharing many setups due to general market uncertainty, but I wanted to get this one out as the setup looks pretty good for a short-term play. Note, the conditions are still high risk so this is by no means a guaranteed play (but that is true for all trades).
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.
Haven’t been sharing many setups due to general market uncertainty, but I wanted to get this one out as the setup looks pretty good for a short-term play. Note, the conditions are still high risk so this is by no means a guaranteed play (but that is true for all trades).
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.