Convex Finance ($CVX /USDT) Bull Run Confirmed! 🚀
$CVX /USDT has broken through its recent consolidation, surging to $5.13 (+31.14% in 24 hours). The price remains in an upward channel, signaling continued bullish momentum.
Key Levels: • Immediate Target: $5.50
• Extended Target: $6.00
• Stop Loss: $4.80
Analysis: . The price is respecting the ascending channel, forming higher highs and higher lows—key signals of a strong uptrend.
• If $5.50 is broken with strong volume, $6.00 is the next logical target.
• Keep an eye on price action. If there's a reversal, $4.80 serves as a reliable stop-loss to manage risk.
Advice: Enter on minor pullbacks and manage your risk with a tight stop loss. Consider securing partial profits at $5.50 to lock in gains while the trend remains strong.
Current Price: $5.089 (+27.44%)