$CVX /USDT – BULLISH BREAKOUT LOOMING ABOVE KEY RESISTANCE

Current Price: $2.33 (+8.31%)

Timeframe Analyzed: 4H

TECHNICAL ANALYSIS

CVX/USDT has surged with strong volume, reclaiming the $2.30 zone and eyeing a breakout above immediate resistance. A bullish momentum is building, suggesting potential continuation to the upside.

Key Levels:

Resistance:

$2.42 – Critical breakout level

$2.46 – Local high / Minor resistance

Support:

$2.30 – Immediate support

$2.14 – Strong demand zone

TRADE SETUP – LONG ENTRY

Entry: On breakout above $2.42 (with 4H candle close confirmation)

Targets (TP):

TP1: $2.46

TP2: $2.55

TP3: $2.72 (major extension target)

🛡️ Stop Loss (SL): $2.29 (below structure support)

RISK MANAGEMENT

Risk no more than 1-2% of your capital.

Ensure R:R ratio ≥ 2:1 to stay profitable over time.

CVX is gaining strength – a clean break above $2.42 could ignite the next leg up! Keep your eyes on the volume!

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