CFX/USDT BREAKOUT ALERT
CFX/USDT has already broken out of the bull flag pattern and is showing bullish momentum. Since a bull flag is typically a continuation pattern, this breakout suggests the potential for further upside.
However, if the price drops back into the flag structure, it could turn out to be a fakeout. Watch closely to see if the breakout holds or fails.
Key point:
Sustained price action above the breakout = bullish confirmation
Drop back inside the flag = potential fakeout
Stay alert and manage risk accordingly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.