🚀🔥 $CVX /USDT - Breakout or Pullback? 🚀🔥
Convex Finance (CVX) is up +10.13%, currently trading at $2.012, after a strong rebound from a 24H low of $1.781. The price reached $2.030, showing bullish momentum. If CVX holds above $1.98, a continuation toward $2.10+ is possible. However, a breakdown could trigger a short-term retracement.
Long Setup
Entry Zone: $1.99 - $2.02
Target 1: $2.08
Target 2: $2.15
Stop Loss: $1.94
Short Setup (If Rejected at Resistance)
Entry Zone: $2.03 - $2.05
Target 1: $1.95
Target 2: $1.88
Stop Loss: $2.08
📊 Market Insights: CVX has shown strong demand, but $2.03 is a key resistance level. A break above $2.05 with strong volume could confirm a further rally, while rejection may lead to a pullback toward $1.95 - $1.88.
🔥 Pro Tip: Monitor trading volume—if CVX stays above $2.00, expect further upside momentum.
