$CVX Breaking Higher Short-Term Bullish Momentum in Full Swing...
$CVX has surged over 8% in the last 24 hours and is now pressing against the 24H high of $4.15 on the 15-minute chart. The structure shows a strong recovery with higher lows and a clean bullish flag breakout in play.
Long Trade Setup:
• Entry Zone: $4.11 – $4.13
• Target 1: $4.22
• Target 2: $4.35
• Target 3: $4.50
• Stop Loss: $4.00
Technical View:
CVX is forming a steep ascending structure with renewed buyer interest and volume spikes. If it clears $4.15 resistance with conviction, a rapid push toward higher targets is likely.
Risk Management:
Place stop loss below key support to manage volatility. Take profits in layers as price approaches each level to reduce downside exposure while riding the trend.