$CVX /USDT: Bounce Back Mode? 🔄🚀
Convex Finance is bouncing hard after a correction—up +9.26% on the day! 📈
Current Price: 4.53 USDT
Moving Averages:
MA20: 4.49 🔥 Price reclaim
MA50: 3.94 ✅ Strong support
MA200: 2.81 💤 (Far below—trend intact)
Targets:
🎯 Target 1: 4.80 – Test recent highs
🎯 Target 2: 5.20 – Breakout confirmation zone
🎯 Target 3: 6.00 – Major resistance from March 🧨
Stop Loss:
Below 4.10 USDT to protect downside 🔻
Why Watch CVX?
Fresh bounce from MA50 ✅
Short-term bullish reversal setup 🧐
CVX is often correlated with DeFi rotations—watch out for narrative pumps! 🔄
⚠️ DYOR – This is not financial advice. Trade smart!
