šØ $CVX Trade Breakdown ā Bullish Setup in Motion! šØ
š Current Price: $4.599 (+18.31%)
š„ Breakout Confirmed Above $4.50 ā Volume is strong and momentum favors bulls.
ā Trade Plan
Entry Zone: $4.55 ā $4.57
Stop Loss: $4.48 (tight risk control below breakout zone)
šÆ Targets
Target 1: $4.70 ā (Near-term resistance)
Target 2: $4.85 š (Mid-level supply zone)
Target 3: $5.00 š (Psychological and round-number resistance)
š§ Analysis & Strategy
Breakout Strength: Clear break above resistance at $4.50 with rising volume = strong signal.
Holding Above $4.60? If yes ā momentum likely continues toward $5.00.
Market Conditions: Keep an eye on BTC/ETH ā if majors remain stable, alt momentum should stay intact.
š Risk-Reward Summary
Risk per trade: ~$0.09
Potential reward: Up to ~$0.45
R/R Ratio: ~1:5 šš„
š§ Next Steps:
Already in the zone? Trail your stop to breakeven after $4.70 hits.
Not in yet? Look for a retest of $4.55ā$4.57 or flip confirmation above $4.60 with volume for late entry.
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