$CVX /USDT Strong Bull Run Outlook 💯🔥
Ready for next move 💯 💫
Current Price: $5.872 (+25.36%)
24h High: $6.065
24h Low: $4.616
Volume: 2.35M CVX / $12.76M USDT
Key Levels
Resistance:
1. $6.00 (psychological)
2. $6.20 (recent high)
Support:
1. $5.50 (initial support zone)
2. $5.20 (stronger base)
Momentum Indicators
RSI: Likely in overbought territory due to the sharp rally; a correction might follow.
MACD: Positive, indicating strong bullish momentum.
Trade Outlook
Bullish Scenario:
A breakout above $6.00 could push CVX toward $6.20 and potentially $6.50 if momentum sustains.
Bearish Scenario:
A retracement below $5.50 might lead to a pullback toward $5.20 or $5.00.
Trade Signals
Buy Trigger:
Entry: Above $6.00
Targets: $6.20, $6.50
Stop Loss: Below $5.70
Sell Trigger:
Entry: Below $5.50
Targets: $5.20, $5.00
Stop Loss: Above $5.80
has shown a strong rally with high volume. Watch for consolidation or profit-taking near resistance levels. Confirm moves with volume before entering trades.
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