$CVX /USD Market Update

Convex Finance ($CVX) continues its bullish momentum, trading at $5.544 (+24.67% in 24H). Here's a technical breakdown and trade setup:

Key Support Levels:

Immediate support at $5.35, followed by stronger backing at $5.20.

Resistance Zones:

Overhead resistance at $5.70, with an extended target at $6.00 if momentum sustains.

Trade Setup:

Entry Strategy: Look for a pullback to $5.40-$5.45 for potential entries.

Targets: Initial target at $5.70, with a secondary target at $6.00.

Stop-Loss: Place stops below $5.20 to mitigate downside risk.

Market Insights: The surge in volume indicates strong interest, and if $5.70 breaks, we could see accelerated gains toward $6. Monitor closely for profit-taking near resistance zones.

What’s your view on $CVX? Comment below, and don’t forget to follow for more timely updates and market insights!

#BTCRebounds95K #USStateBuysBTC #XRPBackInTop3 #BinanceAlphaAlert #Write2Earn