⚙️ Convex Finance (CVX) – Navigating Post‑Pullback Opportunity
CVX pulled back ~11% today and is hovering around $4.00–4.10 after a strong +25% rally this week. The dip looks like a typical retracement from short-term overheat, as trading indicators now flash mild "sell" signals—but weekly and monthly charts still trend bullish.
On the fundamentals side, Convex remains a core player in the Curve wars, offering boosted CRV staking without the hassle of direct CRV lockups and boasting over $1.4B in TVL. That solid base supports long-term confidence.
Key levels I'm watching: support zone at $4.00–4.10—if it holds, we could bounce to $4.30–4.35 in the next few days (on CoinCodex forecast). A more optimistic scenario targets $5.00+, but only if markets show renewed momentum.
For now, I'm managing risk—watching how price reacts to this floor. If $4.00 breaks, a deeper pullback to ~$3.80 could offer a better entry. But if it holds and volume picks up, I’m ready for a breakout trade. 🚀
