CVX/USDT Trading Signal Analysis**
#### **1. Valid Spot Signal?**
✅ **Yes**, with bullish confirmations:
- **Price above key support** ($2.44 - $2.38 zone).
- **RSI(6) bullish** (65.08 > 50, indicating momentum).
- **Volume spike** (64.5M vs. MA(5): 161.5M, showing interest).
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#### **2. Key Elements**
- **Support/Resistance**:
- *Support*: $2.44 (recent bounce), $2.38 (24h low).
- *Resistance*: $2.65 (24h high), $2.79 (swing high).
- **Trend**: **Short-term uptrend** (7.4% rise, higher lows).
- **Volume**: Rising volume aligns with price uptick (bullish).
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#### **3. Entry Zones**
- **First Entry**: **$2.52 - $2.58** (pullback to mid-range).
- **Second Entry**: **$2.44 - $2.48** (strong support zone).
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#### **4. TP & SL**
- **Take Profit**:
- TP1: $2.65 (24h high).
- TP2: $2.79 (next resistance).
- **Stop Loss**: **$2.38** (below 24h low).
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### **Signal Summary**
**🟢 LONG CVX/USDT**
- Entry: $2.52 - $2.58 (add at $2.44 if tested).
- TP: $2.65 (1:2 R:R), $2.79 (runner).
- SL: $2.38 (strict).
- **Confidence**: Bullish RSI, volume, structure.
**Note**: Reject if price breaks $2.38.
(DYOR)
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**🚀 Trade smart, stay disciplined!
