CVXUSDT | Long | DeFi Optimizer Bounce with Growing Spot Demand | (May 2025)
1️⃣ Quick Insight:
CVX has caught my attention again—been watching it from the early days and now it’s starting to show strength, both on spot and futures. Current structure and sentiment are looking solid for a potential upside move.
2️⃣ Trade Parameters:
Bias: Long
Entry: Current market price
Stop Loss: $2.41
TP1: $4.75
TP2: $5.48
TP3: $5.76
TP4: $6.85
Partial Exit: Watching $4.17 closely as a short-term resistance area that could act as a milestone
3️⃣ Key Notes:
Let’s break down what CVX (Convex Finance) is. It's a DeFi protocol built on top of Curve Finance, aiming to optimize yield and boost capital efficiency. What makes it unique is that it allows users to earn boosted CRV rewards and CVX token incentives without locking up their CRV, which simplifies staking and governance participation.
CVX operates on Ethereum Layer 2, with its key partnership being with Curve. The team behind it remains anonymous, but the project is strongly community-driven.
From a market structure point of view, CVX has been showing strong spot interest and its footprint on futures markets has been growing. This confluence adds conviction to the trade idea. The structure suggests it wants to push toward $4.17 first, and if that breaks, there’s room to ride it further.
4️⃣ Follow-up:
If price confirms with good momentum past the $4.17 zone, I’ll consider updating this with a new scale-in or extended target. For now, just watching closely and ready.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.
Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.
1️⃣ Quick Insight:
CVX has caught my attention again—been watching it from the early days and now it’s starting to show strength, both on spot and futures. Current structure and sentiment are looking solid for a potential upside move.
2️⃣ Trade Parameters:
Bias: Long
Entry: Current market price
Stop Loss: $2.41
TP1: $4.75
TP2: $5.48
TP3: $5.76
TP4: $6.85
Partial Exit: Watching $4.17 closely as a short-term resistance area that could act as a milestone
3️⃣ Key Notes:
Let’s break down what CVX (Convex Finance) is. It's a DeFi protocol built on top of Curve Finance, aiming to optimize yield and boost capital efficiency. What makes it unique is that it allows users to earn boosted CRV rewards and CVX token incentives without locking up their CRV, which simplifies staking and governance participation.
CVX operates on Ethereum Layer 2, with its key partnership being with Curve. The team behind it remains anonymous, but the project is strongly community-driven.
From a market structure point of view, CVX has been showing strong spot interest and its footprint on futures markets has been growing. This confluence adds conviction to the trade idea. The structure suggests it wants to push toward $4.17 first, and if that breaks, there’s room to ride it further.
4️⃣ Follow-up:
If price confirms with good momentum past the $4.17 zone, I’ll consider updating this with a new scale-in or extended target. For now, just watching closely and ready.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.
Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.
Note
🔄 CVX UpdateNot much has changed on CVX. The chart still appears to be forming a potential W-pattern, which often aligns with broader economic cycles. We've likely completed the first leg of this structure, and I’m anticipating a second and third move to follow — similar to an Elliott Wave-style upside.
This weekend’s price action seems a bit slow, and it's common to see some manipulation or noise during these periods. Staying patient as the structure plays out.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.