CFX/USDT At Major Support — Last Line Before a Deeper Drop?CFX / TetherUSBINANCE:CFXUSDTCryptoNuclearCFX/USDT on the Daily (1D) timeframe is still trading within a medium-term bearish trend, characterized by a clear sequence of lower highs and lower lows since the peak around the 0.27–0.28 area. Price has now declined back into a historically strong demand zone at 0.072 – 0.063, which previously acted as an accumulation base before a strong bullish impulse. This area represents a critical decision zone for the next major move. --- Pattern & Technical Structure 1. Descending Trendline (Bearish Control) A well-defined descending trendline connects the major swing highs since August. Each touch of this trendline resulted in strong rejection, confirming persistent seller dominance. 2. Descending Channel / Bearish Continuation Price structure forms a descending channel, reflecting gradual distribution. Current price action is located near the lower boundary of the channel, close to key support. 3. Strong Horizontal Demand Zone The yellow zone at 0.072 – 0.063 represents: A strong historical reaction area Previous rebound levels A psychological deep discount zone This zone has the potential to act as a base for reversal if buyers step in aggressively. --- Key Levels Support Major Support (Key Demand): 0.072 – 0.063 Critical Breakdown Level: 0.059 Resistance Minor Resistance: 0.085 Mid Resistance: 0.104 Major Resistance: 0.125 Upper Resistance / Distribution Zone: 0.165 – 0.185 Macro Resistance: 0.230 --- Bullish Scenario Bullish conditions require: Price holding above 0.072 Formation of a base / consolidation Appearance of a bullish daily close (pin bar, engulfing, or strong bullish body) Potential bullish move: 1. Rebound from the 0.072–0.063 demand zone 2. Break above minor resistance at 0.085 3. Upside targets: 0.104 0.125 Strong momentum continuation → 0.165 – 0.185 Bullish Conclusion: This area offers a high-risk, high-reward accumulation opportunity for swing traders, as long as the key support remains intact. --- Bearish Scenario Bearish confirmation occurs if: A strong daily close below 0.063 Breakdown accompanied by increasing volume Failure to reclaim the 0.072 level Potential bearish continuation: Further downside toward: 0.059 Possible deeper liquidity zones if panic selling occurs Note: A breakdown of this zone confirms that the bearish continuation phase remains active. --- Conclusion CFX/USDT is currently trading at a major decision zone. Bounce from 0.072 – 0.063 → potential relief rally or trend reversal Breakdown below this area → confirmation of bearish continuation Market is at a critical turning point. Strict risk management is essential in this region. --- #CFX #CFXUSDT #CryptoAnalysis #Altcoin #DailyChart #DescendingTrend #SupportResistance #DemandZone #BearishTrend #PotentialReversal