As I look at the chart shared by Crypto Tony for $CVX / $USD, I’m really intrigued by the potential setup here. The candlestick pattern over the past couple of years shows a rollercoaster ride, with some significant drops and recoveries. What catches my eye is the current price hovering around the $4.00 level, which Crypto Tony highlights as a key entry point if reclaimed. To me, this feels like a make-or-break moment—seeing the price stabilize and push above $4.00 could signal a bullish turnaround, especially with the recent volatility we've witnessed.
I’ve been following the $CVX movement closely, especially with the buzz around institutional interest from Coinbase 50 and the potential Genius Act passing, as mentioned in other posts. The chart’s recent consolidation phase, with those green candlesticks showing some buying pressure, gives me hope that we might be nearing a breakout. That said, I’m a bit cautious because the support level has been tested multiple times, and a failure to hold could send it lower. For now, I’m leaning toward waiting for that $4.00 reclaim before jumping in, as it aligns with my strategy of entering on confirmed breakouts. What do you think—should I set a tight stop-loss just below $4.00 to manage the risk?#BNBBreaksATH #TrumpBitcoinEmpire #BTCvsETH #ETHBreaks3700 #StablecoinLaw $BTC $ETH $XRP