๐จ $CVX /USDT โ Bounce or Breakdown from the Bollinger Midline? โ ๏ธ
$CVX is under pressure, trading at $3.41 (-3.15%). Itโs hovering just above the Bollinger mid-bandโa critical zone where the next big move could be brewing!
๐ Market Overview
๐ Current Price: $3.41
๐ 24h High: $3.563
โ๏ธ 24h Low: $3.333
๐ Parabolic SAR: Awaiting clarity โ tight trading range
๐ MACD Momentum:
DIF: -0.031
DEA: -0.041
MACD: 0.010 (Bullish crossover forming โ possible reversal)
๐ Bollinger Bands (20, 2):
Upper Band: $3.462
Middle Band: $3.407
Lower Band: $3.351
Current Price Position: Just above MB โ critical pivot area
๐ CVX Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If CVX Holds Above $3.40):
Entry: Above $3.45
Targets: $3.56, $3.69, $3.83
Stop-Loss: $3.33
๐น Bearish Scenario (If CVX Breaks Below $3.33):
Entry: Below $3.33
Targets: $3.25, $3.15, $3.00
Stop-Loss: $3.45
๐ Key Insights
โ MACD bullish crossover may indicate an upside shift
โ Price stabilizing above Bollinger MB = potential base
โ ๏ธ High volume drop below $3.33 could invite more selling
โ Watch for momentum above $3.45 for a push toward $3.83+
๐ก Pro Tip:
Volume confirmation is crucialโa low-volume pump could easily reverse. Set alerts at $3.45 and $3.33 for decisive entries!
๐ข Whatโs your trade planโbullish bounce or bearish breakdown? Letโs talk in the comments!
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