a short technical analysis and trade signal for $CVX ๐ฅ๐ฏ
/USDT based on the provided data:
๐ $CVX
/USDT โ Technical Analysis
Current Price: $2.658
Trend: Bullish momentum building (up +0.68% in 24h)
24h Range: $2.511 (Low) โ $2.662 (High)
Volume: Rising โ good sign of interest and liquidity
Indicators Summary (Estimated):
RSI: Likely approaching 55โ60 (mild bullish zone)
MACD: Slight bullish crossover may be forming
Support: $2.511 / $2.536
Resistance: $2.662 / $2.70+
โ Trade Signal
Signal: Buy on Dip / Breakout Confirmation
Strategy: Enter on slight pullback near $2.62โ$2.64 or breakout above $2.662 with volume confirmation.
๐ฏ Target Levels
TargetPriceReason๐ฏ 1$2.70Minor psychological resistance๐ฏ 2$2.78Previous swing high๐ฏ 3$2.88Fibonacci extension / strong resistance
Stop-loss: $2.50 (below recent support)
โก Trade Momentum
Momentum: Building gradually, with bullish bias
Volume: Healthy (1.15M USDT traded)
Timeframe Suggestion: Suitable for short-term swing (1D to 4h chart)