$CVX Professional Tip: Watch for bullish candle formations near $3.50. A strong rebound here may indicate a restoration of momentum and a continuation of the trend towards the next resistance levels.

– Is it a pullback or a launch pad? 🚀

Current Price: $3.509 (+13.52%)

$CVX has risen sharply from the support area at $3.06, reaching a high of $3.641 before encountering some resistance. After the rise, it has now started to cool off a bit, forming a potential base above $3.50. If the price holds this level and volume increases again, we may see another upward wave. Traders should watch for a breakout above $3.64 as a confirmation signal.

Support and Resistance:

Support: $3.45

Resistance: $3.64

Trade Setup:

Entry Zone: $3.48 – $3.52

🎯 TP1: $3.65

🎯 TP2: $3.78

🎯 TP3: $3.92

Stop Loss: $3.42

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