$CVX is not “too late” at $1.42. It’s the squeeze people fade right before it rips harder 😈
8.83% up on the day, +7.4% in the last 4h, and price is sitting above the 20d and 50d MAs. That’s not weakness. That’s a trend with teeth.
RSI at 76? Good.
Longs paying 0.005%? Even better 📈
Volume is only 1.2x the 20d avg, so this isn’t full mania yet, and it’s already 0% off the 30d high. That’s what makes me bullish on @convexfinance right here. Everyone calling it overbought is usually the exit liquidity.
Strong, not sleepy.
Bull or bear on $CVX from here?
#CVX
#Trading
8.83% up on the day, +7.4% in the last 4h, and price is sitting above the 20d and 50d MAs. That’s not weakness. That’s a trend with teeth.
RSI at 76? Good.
Longs paying 0.005%? Even better 📈
Volume is only 1.2x the 20d avg, so this isn’t full mania yet, and it’s already 0% off the 30d high. That’s what makes me bullish on @convexfinance right here. Everyone calling it overbought is usually the exit liquidity.
Strong, not sleepy.
Bull or bear on $CVX from here?
#CVX
#Trading