๐ป $CVX ๐ฅ๐ฏ
/USDT Technical Breakdown โ Bearish Wave Incoming?
Convex Finance (CVX) has taken a sharp dip, currently trading at $4.172 (-13.16%). With strong resistance near $4.82 and bearish pressure mounting, a downward move looks probable. Hereโs the game plan:
๐ Trend: Bearish
๐ฏ Entry Level: $4.20
๐ฏ Target 1: $3.95
๐ฏ Target 2: $3.70
๐ Stop-Loss: $4.45
๐ก Indicators:
MACD shows strong downward momentum
RSI slipping below 40 = bearish zone
Bollinger Bands expanding = high volatility
Volume rising on red candles = sell-off pressure
Keep your eyes on the $4.04 support zoneโif it breaks, CVX may dive further. Trade smart, manage risk. ๐๐