$CVX /USDT: Momentum Builds — Breakout or Cooldown Next? 🚀🚀🚨
CVX is currently trading around $3.867, up over +19% in the past 24 hours. The 8-hour chart shows a strong uptrend since July 5th, with price climbing from $2.117 — a clear sign of renewed buyer interest.
Now, CVX is consolidating just below the $3.899 resistance after hitting a new 24h high. Buyers are in control, but is this the setup for continuation—or a moment to pause?
📊 Trade Setup:
Entry Options:
Breakout entry: Above $3.899 with strong volume confirmation
Pullback entry: Retest near $3.50–$3.60 with signs of renewed buying
🎯 Target:
If momentum continues, watch for psychological round levels or use higher timeframe resistance zones / fib extensions (not visible on this chart)
🔻Stop-Loss Ideas:
Below $3.80 for breakout entries
Below $3.40 for pullback-based entries
Volume Check:
24h volume: 1.21M CVX / $4.38M USDT
Solid, but not explosive — so volume confirmation is key on breakout attempts
👀 Chart Behavior:
Series of strong green candles with minimal wicks = confident buyers
Higher highs and higher lows confirm bullish trend structure
