Can CFX rise, Chen Fengxia? How much will we see in a bull run???

From a weekly perspective, the real big market for CFX emerged in March 2023, when the Hong Kong concept was extremely popular. Behind that rise, the main players had actually entered the market early and gradually sold off during the peak. I had warned about the risks back in April, but many people may not have realized it. At that time, market sentiment was high, but the charts had clearly shown signals of the main players retreating. (Figure 1)
Looking back at that trend, a large number of retail investors actually rushed in after seeing CFX surge, especially the buying frenzy after it hit 0.2 USD. The way the main players distributed their holdings was not aggressive; they gradually released their positions by creating the illusion of rising prices through multiple pullbacks. For example, after the high point in 2023, they repeatedly tested the previous highs, creating a false sense that prices would continue to rise, but in reality, it was a trap.
Looking at the trend in March 2024, there was another fake breakout, taking advantage of the situation to sell off some goods. By July this year, it rose from 0.06 to 0.27, seeming strong, but there were actually quite a few tricks involved. (Figure 2)
Recently, waiting for this wave of rise, a large bullish candle was formed on July 14.
① In a normal strong market, it should continue to rise here, but next week (July 21) it has closed with a large volume bearish candlestick.
② This illustrates the issue well—some are chasing, but others are dumping. Then on July 28th, retail investors saw the pullback ahead and thought it was a good time to enter, resulting in a strong bullish candle.
③After a pull, the result shows an upper shadow, which is already very clear: there are funds gradually distributing by borrowing good news.
The key positive news of "3.0 upgrade + offshore RMB stablecoin" is perfectly timed, just after a rise, reinforcing retail investors' illusion of "I just missed it by a step." This coordinated selling is a typical control strategy. As I mentioned in my live broadcast, CFX is definitely not at its peak yet. Currently, CFX's short-term fluctuations do not seem like a bait but rather like a washout. As long as the price returns to 0.22 and stabilizes with this momentum, there will basically be a new market trend, with a minimum of 0.3.