🚨 $CVX /USDT – Skyrocket Incoming or Just a Spike? 🔥
$CVX is heating up, posting a solid +6.60% gain and climbing towards resistance at $3.459. With an extremely high RSI, the market could be primed for either a breakout—or a snapback. Let’s dissect the action! 👇
📊 Market Overview
📍 Current Price: $3.42
📈 24h High: $3.459
❄️ 24h Low: $3.149
📊 Volume (24h): 409.4K CVX / 1.34M USDT
📈 Moving Averages:
• MA(7): $3.367
• MA(25): $3.250
• MA(99): $3.267
📉 RSI(6): 88.86 (⚠️ Extremely overbought!)
📈 CVX Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If CVX Holds Above $3.35):
• Entry: Above $3.46
• Targets: $3.69, $3.87, $4.00+
• Stop-Loss: $3.25
🔹 Bearish Scenario (If CVX Breaks Below $3.25):
• Entry: Below $3.24
• Targets: $3.15, $3.01, $2.97
• Stop-Loss: $3.46
🔍 Hold or Sell?
✅ Price above all major MAs = Strong bullish trend
⚠️ RSI near 89 = Danger zone! Watch for possible correction
✅ Volume support shows solid interest, but may not sustain at overbought levels
💡 Pro Tip:
🚀 A clean break above $3.46 with volume = path to $4+
⚠️ Trail your stop—RSI this high often leads to sudden reversals!
📢 Are you riding the CVX wave or eyeing a pullback? Let’s talk in the comments!
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