$CVX USDT – BOUNCE BACK MODE OR NEW UPTREND?
MA50 HOLDS STRONG. SHORT-TERM BULLISH REVERSAL INITIATED.
Convex Finance ($CVX ) is showing signs of a strong recovery — rebounding +9.26% after a healthy correction. Price has reclaimed the 20-day MA and is pushing toward key resistance zones.
Current Price: 4.53 USDT
MA Levels:
• MA20: 4.49 (Reclaimed 🔥)
• MA50: 3.94 (Major Support ✅)
• MA200: 2.81 (Trend intact 💤)
Trade Setup (LONG):
• Entry: 4.45 – 4.55
• TP1: 4.80
• TP2: 5.20
• TP3: 6.00
• Stop Loss: Below 4.10
Why It Matters:
• $CVX just bounced from MA50 with volume confirmation
• DeFi tokens are rotating — CVX often leads in those cycles
• Setup aligns with bullish short-term trend reversal
Reminder: Protect capital. Use tight SL if entering late.