๐ $CVX X REVERSAL WAVE BUILDING โ DEFI MOMENTUM RETURNS ๐งฒ๐
๐ Market Structure Insight
$CVX is breaking out of a multi-week downtrend, posting consecutive bullish 4H candles. Buyers stepped in strongly at the $2.60 demand zone, shifting market structure from distribution to early accumulation.
Trend Shift: First clean higher low + breakout candle on the 4H since last major peak.
Momentum Rising: Increasing volume and tightening price action = breakout loading.
๐ฏ Trade Setup Plan
Entry Zone: $2.70 โ $2.78
Targets:
โข TP1: $2.95
โข TP2: $3.20
โข TP3: $3.50
Stop-Loss: $2.59