Convex Finance ($CVX /USDT) Uptrend Confirmed💯🔥
$CVX /USDT has broken the recent consolidation zone, with strong momentum pushing the price to $5.13 (+31.14% in 24 hours). The price remains within an ascending channel, indicating a continuation of the uptrend.
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 broken with volume, $6.00 becomes the next potential target.
• Watch the price action closely; if the trend reverses, $4.80 is a reliable stop to limit the downside risk.
Tip: Enter buys on small dips while managing risk with a tight stop loss. Secure partial profits at $5.50 to capitalize on current momentum
