Conflux [CFX] breaks out of trendline resistance, but could it be a bull trap

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure remained bearish despite the lower timeframe breakout. A reaction at the $0.4 mark could signal the direction of the next move for Conflux. The price of Conflux reached a five-month high