๐ $CVX
/USDT Bulls Gaining Momentum! ๐ฅ
$CVX is showing a potential trend reversal as buying pressure builds up near historical support. Could this mark the beginning of a strong bullish breakout? Letโs analyze the key levels!
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๐ Market Insights:
โ Strong Base Formation โ Price has been consolidating near key support, signaling accumulation.
โ Breakout Potential โ A move above $2.08 could trigger a breakout toward $2.50+.
โ Increasing Volume โ Rising volume hints at growing interest from buyers.
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๐ฅ Trade Idea:
๐ Bullish Case: A break above $2.08 could open the door for a rally toward $2.50 - $2.80.
๐ Bearish Case: If price fails to hold $1.62, we might see a drop toward $1.42 - $1.30.
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๐ฏ Levels to Watch:
๐ Support: $1.62 - $1.42
๐ Resistance: $2.08 - $2.50
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๐จ Will $CVX break out or face rejection? Share your thoughts below! ๐๐ฅ
