Here's a short technical analysis and trade signal for the $CVX

/USDT pair:

Technical Analysis:

Current Price: $4.81

Trend: Bullish, with a solid upward momentum seen over the last 24 hours (+19.03%).

Resistance Levels:

$5.17 (Recent 24h High)

$5.30 (Potential resistance)

$5.50 (Strong resistance zone)

Support Levels:

$4.03 (24h Low)

$4.32 (Previous support)

$4.00 (Psychological support zone)

Volume Analysis: Strong buying volume, with 14.51M USDT in the last 24h, signaling the continuation of the bullish trend.

Trade Signal (Long Position):

Entry Point: Enter around $4.81 or a small pullback near $4.60.

Target Levels (🎯):

First Target: $5.17 (24h high)

Second Target: $5.30

Third Target: $5.50 (psychological resistance)

Stop Loss: Place at $4.00 for risk management.

Momentum:

Strong bullish momentum based on the 24-hour price change.

RSI trending above 50 with room for further upside.

MACD is bullish, with a recent cross above the signal line, indicating positive momentum.

Recommendation: A Buy trade looks favorable with clear upward momentum, targeting the levels mentioned.

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