🚀 $CVX /USDT TECHNICAL ANALYSIS

Price Action:

Current Price: $3.92

24h Change: +14.08%

24h High: $3.968

24h Low: $3.370

Chart Structure (1H TF):

Strong bullish rally with a sharp breakout from $3.50–$3.70 zone.

Current price testing resistance around $3.95–$4.00 (psychological level).

Next key resistance levels: $4.10 – $4.20.

Support zones: $3.70 (immediate) and $3.50 (major).

Momentum Indicators:

Bullish volume spike confirming breakout.

RSI (1H) likely near overbought → short-term pullback possible before continuation.

📌 Trade Setup (LONG Idea):

Entry Zone: $3.85 – $3.90 (on minor dips)

🎯 Target 1 (TP1): $4.05

🎯 Target 2 (TP2): $4.20

🎯 Target 3 (TP3): $4.40

🛑 Stop-Loss (SL): $3.65

💡 Market Outlook:

Holding above $3.70 keeps bullish momentum intact.

Break and close above $4.00 opens the way for $4.20+.

⚡ Strategy:

Ride the trend but expect some consolidation near $4.00.

Safer to enter on retracements rather than chasing highs.

#CVX #USDT #LONG