📊 $CVX /USDT – Tight Coil Above Trend… Breakout Brewing? ⚙️🚀
Convex Finance is trading at $2.629 (+0.81%), forming a bullish consolidation after a strong rally from $2.387. Price is above all major EMAs, indicating strength, while hovering near the 24H high of $2.677 — a breakout zone.
📈 Technical Snapshot (1H Chart):
• EMA(7): $2.616 ✅
• EMA(25): $2.596 ✅
• EMA(99): $2.581 ✅
• 24H High/Low: $2.677 / $2.531
• Volume: 606.8K CVX | $1.58M USDT
🎯 Trade Setup:
• Entry Zone: $2.61 – $2.63
• TP1: $2.68 (retest high)
• TP2: $2.74
• TP3: $2.85
• SL: Below $2.58
💡 CVX is pressing against short-term resistance with rising higher lows — breakout above $2.68 could trigger momentum buying.
Watch for volume confirmation! 📈🔥