July 30 CFX analysis and outlook

Today, CFX has dropped quite sharply, with a price of 0.1983, ¥1.42, a decrease of -17.55%. In 24 hours, it fell from 0.2799 to 0.1973, with particularly large fluctuations.

Looking at the trend, although it has dropped a lot, there are signs of a small rebound after just probing down to 0.1973. If there were positions held earlier, one must be cautious in this situation, as it may still be fluctuating in a downward trend in the short term.

If you want to try bottom fishing, the strong support to watch is around 0.1973, which is the 24h lowest price. If it can hold steady and not break below, there may be a small rebound; if you plan to short, the short-term resistance to watch is around 0.205 (the recent small rebound high point), and you can consider this level if it encounters resistance on the rebound.