🚨 $CVX /USDT – DeFi Giant Waking Up? Breakout or Fade? 🔥
$CVX is up +12.03%, pushing toward resistance as DeFi heat picks up! Is this Convex Finance’s next leg up—or is a rejection near?
Let’s break it down 👇
📊 Market Overview
📍 Current Price: $3.80
📈 24h High: $4.00
❄️ 24h Low: $3.369
📊 Parabolic SAR: Likely flipped bullish near $3.50
📉 MACD Momentum: (Price action signals bullish continuation)
MA(7): $3.872
MA(25): $3.714
MA(99): $3.267
⚠️ Price has slightly dipped below MA(7)—monitor closely for follow-through or rejection.
📈 CVX Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If CVX Holds Above $3.70):
Entry: Above $3.85
Targets: $4.10, $4.30, $4.60+
Stop-Loss: $3.55
🔹 Bearish Scenario (If CVX Breaks Below $3.55):
Entry: Below $3.55
Targets: $3.35, $3.10, $2.80
Stop-Loss: $3.85
🔍 Should You Hold or Sell?
✅ Trading above MA(25) and MA(99) = bullish mid-term structure
✅ 6.84M USDT volume = solid demand
⚠️ Slight rejection at MA(7) ($3.87) – needs reclaim for momentum to continue
💡 Pro Tip:
🚀 A clean break and hold above $4.00 could ignite a rally toward $4.60+
⚠️ Watch for fakeouts—volume must increase for breakout to be sustainable!
📢 Are you in on CVX or waiting for confirmation? Let us know below!
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