CFX short term trade
High risk trading with uncertain market conditions, but wanted to share this possible short term paly.
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.
https://www.tradingview.com/x/ZBarXuAS/
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.
https://www.tradingview.com/x/ZBarXuAS/
Telegram @SusWhale
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