$CVX /USDT Here's a structured short-term trade setup based on your provided price action and volume details.
📊 CVX/USDT – Technical Snapshot
Current Price: $3.298 (down -3.06%)
24h High / Low: $3.613 / $3.242
Volume (CVX): 634,612
Volume (USDT): 2.17M
MA60: 3.343
MA5 / MA10: 3.367 / 3.343
Support Zone: $3.24 – $3.25
Resistance Zone: $3.34 – $3.36 (MA confluence)
⚡ Trade Setup: Short-Term Bounce or Breakdown
🟢 Bullish Reversal Setup (Support Bounce)
Price is sitting near local support ($3.24–$3.25) and below clustered moving averages, suggesting a possible bounce if volume confirms.
Entry Zone: $3.25 – $3.30
(Look for bullish 15m candle: e.g., hammer, engulfing)
Targets:
TP1: $3.34 (MA60/MA10 area)
TP2: $3.36–$3.38
TP3: $3.50 (mid-range resistance)
Stop-loss: Below $3.23 (under 24h low)
🔴 Bearish Breakdown Setup
If CVX breaks below $3.24, the 24h low, a quick leg down is likely, especially with increasing volume.
Entry: Below $3.24 (15m candle close + spike in volume)
Targets:
TP1: $3.10
TP2: $3.00 (psychological support)
TP3: $2.85 (weekly support zone)
Stop-loss: Above $3.30 or the breakdown candle high
🧠 Quick Notes:
MA cluster is strong resistance; price needs to reclaim $3.34+ to turn short-term bullish.
A break and hold above $3.36 can flip this into a mini-uptrend.
Volume is moderate — watch for >200K CVX on 15m breakout candles for confirmation.
Would you like to monitor a breakout alert at $3.36 or breakdown alert below $3.24?
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