CFX – Local Breakout, Bigger Range AheadCFXUSDT Perpetual ContractBYBIT:CFXUSDT.PDTdog **Technology Overview** Conflux (CFX) is a Layer 1 blockchain designed to provide high throughput, low transaction fees, and scalability for decentralized applications. The network uses a Tree-Graph structure and supports Web3 applications and a broader digital asset ecosystem. **Technical Analysis** On the **4-hour chart**, we can see a **larger trading range**, marked by the white lines, representing the main structure in which price has been trading for an extended period. Within this larger range, a **smaller local range** has developed, marked by the yellow lines, with price currently approaching its upper boundary after recovering from the lower part of the structure. From our perspective, the key level is a **breakout and confirmation of the local range**. If price successfully breaks above the upper boundary of the smaller range and confirms the move, we'll look for continuation toward the **upper boundary of the larger range**, which represents the main target of the setup. The upper boundary of the larger range is a significant area, so we'll closely monitor how price reacts once it reaches that level. For now, we're waiting for confirmation rather than chasing the move. **The target shown on the chart represents the target for the current setup.** Trade management will depend on price action, market structure, and the predefined risk unit. **Disclaimer:** This analysis is for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research and manage your risk before making any trading decisions. **Good luck to all of us!** **Yours, The Chief.**