$CVX
Convex Finance (CVX) is currently trading at around $5.06, with a 24-hour price change of $0.351747 (5.11% increase).
*Technical Analysis:*
- *Trend:* CVX shows a bullish trend with potential for further upside, driven by strong momentum and recent price increases.
- *Support Levels:*
- *Immediate Support:* $4.28 (key support level) and $1.46 (strong support)
- *Main Demand Zone:* $1.5-$2.0 (invalidation point for bullish trend if broken)
- *Resistance Levels:*
- *Immediate Resistance:* $5.26 (first major resistance) and $6.04 (next resistance level)
- *Strong Resistance:* $6.76 (weekly resistance) and $15.77 & $47.97 (long-term targets)
*Trading Setup:*
- *Entry Zone:* Consider buying above $4.75 or $5.07 with confirmation.
- *Take Profit:*
- *Short-term Targets:* $5.48, $5.76, and $6.85
- *Long-term Targets:* $15.77 and $47.97
- *Stop Loss:* Set a stop loss below $2.41 or $1.46 to limit potential losses ¹ ² ³.
