🚨 $CVX /USDT TECHNICAL ALERT: Critical Levels in Focus! 🚨

$CVX /USDT is trading at $6.065, showing minor fluctuations but holding above the critical $6 level. With high volatility and trading interest, this pair is approaching pivotal zones that could dictate the next big move.

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Key Levels to Watch:

1️⃣ Resistance 1: $6.50

A breakout above this level could signal a continuation of the bullish momentum.

2️⃣ Support 1: $6.00

Holding this support is critical to avoid a potential retracement.

3️⃣ Support 2: $5.50

A dip below this level might indicate increased selling pressure and a bearish trend.

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Trade Scenarios:

📈 Bullish Outlook:

A strong move above $6.50 could push CVX towards $6.80, $7.00, and potentially $7.50. Look for confirmation with volume spikes.

📉 Bearish Risk:

If the price drops below $6.00, expect targets at $5.80 and $5.50, with further downside likely if these levels are breached.

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Market Insights:

24H High: $6.801

24H Low: $4.467

Trading Volume: 2.88M CVX

Current price action suggests the market is waiting for a decisive breakout or breakdown. Traders should monitor these levels closely and manage risks effectively.

💡 Pro Tip: Use $6.00 as your key pivot point to assess bullish or bearish momentum.

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