$CVX
/USDT BULLISH TECHNICAL ANALYSIS
$CVX /USDT is showing strong bullish momentum after bouncing from key support around 2.156. Buyers are stepping in, confirming the potential continuation of the upward trend. The price is forming higher lows across multiple timeframes, signaling strength in the market.
Targets (TP): 2.400 | 2.500 | 2.550
Stop Loss (SL): 2.140
Volume analysis supports the bullish move, and a breakout above 2.400 could trigger accelerated gains. Traders should monitor key resistance levels for potential partial profit-taking.
Risk Management:
Use the SL strictly at 2.140 and risk only a small portion of your trading capital per position to minimize losses in case of a reversal.
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