$CVX 🚀 BULLISH MOMENTUM 🚀
Chart Overview
Current Price: $4.675
Support Levels: $4.60 (near-term), $4.50 (stronger base)
Resistance Levels: $4.72 (short-term), $4.85 (major breakout point)
Trend: Consolidating after recent push higher — price holding above key support
Volume: Light-to-moderate, indicating cautious accumulation phase
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📈 Technical Analysis
RSI: ~55 — neutral, room for upside without overbought risk
MACD: Slight bullish bias, histogram turning positive
Price Action: Higher lows suggest buyers defending $4.60 zone
Breakout Zone: Sustained move above $4.72 could lead to $4.85–$5.00 retest
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🎯 Trading Strategy
Bullish Setup:
Entry: $4.62–$4.65 (support retest)
Stop-loss: $4.50
Targets: $4.72, then $4.85–$5.00
Bearish Setup:
Short if $4.60 breaks with strong sell volume
Targets: $4.50, then $4.38
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⚠ Disclaimer:
This is not financial advice. For educational purposes only. Crypto trading is volatile — always use stop-loss orders and proper risk management.