Convex Finance ($CVX /USDT) Bull Run Confirmed💯🔥
$CVX /USDT has broken through its recent consolidation, with strong momentum taking the price to $5.13 (+31.14% in 24 hours). The price remains within an upward channel, signaling a bullish continuation.
Key Levels:
• Immediate Target: $5.50
• Extended Target: $6.00
• Stop Loss: $4.80
Analysis:
• The price has respected the ascending channel, with higher highs and higher lows forming a strong uptrend.
• If $5.50 is breached with volume, $6.00 becomes the next likely target.
• Monitor price action closely; if it reverses, $4.80 serves as a reliable stop-loss to limit downside risks.
Advice: Enter on minor pullbacks while managing risk with a tight stop loss. Secure partial profits at $5.50 to capitalize on the current momentum.