$CVX Faces $4 Barrier – Breakout or Fade Incoming?
CVX/USDT pumped hard today, gaining over 13% and now hovering at $3.956. After tagging $4.067, it’s now consolidating just below key resistance. This is a textbook breakout zone — either bulls push it through, or bears regain short-term control.
Key Levels to Watch
• Resistance Zones:
• $4.00 – Immediate resistance
• $4.07 – 24h high and breakout validation
• $4.15 – Next upside extension
• Support Zones:
• $3.94 – Local support
• $3.87 – Mid pullback zone
• $3.76 – Trend invalidation point
Trade Setup
Bullish Scenario:
• Entry: Above $4.00
• Target 1: $4.07
• Target 2: $4.15
• Stop Loss: Below $3.94
Bearish Scenario:
• Entry: Below $3.94
• Target 1: $3.87
• Target 2: $3.76
• Stop Loss: Above $4.00
CVX is at a critical decision zone. If bulls break and hold above $4, momentum could explode. But rejection at resistance may trigger a quick flush. Stay sharp — this chart is ready to move!