Trade setup for $CVX /USDT at the current price of $4.696:
Entry Zone: $4.55–$4.70 — based on recent bounce zone confirming bullish reversal .
Stop Loss: $4.39 — below the confirmed bullish engulfing candle low
Target 1: $4.90 — aligns with short-term resistance breakout level.
Target 2: $5.15 — aligns with next short-term pivot noted in breakout analysis.
Final Target: $6.76 — matches major weekly resistance and full double‑bottom breakout target.
Risk Management:
Risk only 1–2% per trade; size position so SL equals that. After Target 1, move stop to breakeven. Past Target 2, trail under higher lows. Monitor breakout confirmation above $4.72, ensure volume and momentum stay strong before adding more.