$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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