$CVX /USDT BULLISH BREAKOUT – READY FOR THE NEXT LEG UP!
Convex Finance ($CVX) has shown strong bullish momentum today, up +10.47%, currently trading at $4.24, with a 24h high of $4.25 and low at $3.767. The buying volume is surging, reflecting strong interest from bulls.
KEY LEVELS TO WATCH:
Current Price: $4.24
Resistance Levels:
$4.25 (Immediate)
$4.50 (Next Major Resistance)
$5.00 (Psychological Resistance)
Support Levels:
$4.10 (Near-term Support)
$3.90 (Stronger Support Zone)
$3.75 (24h Low – must hold for uptrend)
TRADE SETUP (LONG POSITION):
Entry: On retest of $4.15–$4.20 support zone
Targets (TP):
TP1: $4.50
TP2: $4.85
TP3: $5.00
Stop Loss (SL): Below $4.00 (to avoid fakeouts)
RISK MANAGEMENT:
Risk only 1–2% of your capital per trade
Stick to stop loss strictly to avoid emotional trading
Avoid entry if price closes below $4.00 on 1H/4H candles
NOTE: Volume breakout confirms bullish strength. A successful retest of the $4.15–$4.20 zone could trigger the next rally. Stay alert for fakeouts at resistance!
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