🔻 $CVX 🔥💯
/USDT Technical Breakdown – Bearish Wave Incoming?
Convex Finance (CVX) has taken a sharp dip, currently trading at $4.172 (-13.16%). With strong resistance near $4.82 and bearish pressure mounting, a downward move looks probable. Here’s the game plan:
📉 Trend: Bearish
🎯 Entry Level: $4.20
🎯 Target 1: $3.95
🎯 Target 2: $3.70
🛑 Stop-Loss: $4.45
💡 Indicators:
MACD shows strong downward momentum
RSI slipping below 40 = bearish zone
Bollinger Bands expanding = high volatility
Volume rising on red candles = sell-off pressure
Keep your eyes on the $4.04 support zone—if it breaks, CVX may dive further. Trade smart, manage risk. 📉📊