$CVX /USDT – Bullish Breakout Forming
$CVX is currently trading at $2.341, up 8.63%, and showing signs of recovery after breaking out from the $2.14 support level. Although it faced some resistance near $2.41, the price is holding well above the $2.30 level, forming a bullish consolidation. Buyers are stepping in consistently, and a breakout above $2.36 could trigger the next leg up. The overall trend remains positive as long as CVX stays above $2.28. Watch for an increase in volume near key resistance levels.
Trade Setup:
Entry Range: $2.32 – $2.35
Take Profit Targets:
• $2.41
• $2.47
• $2.53
Stop Loss: $2.28