$CVX

Trading Strategy

1. For Buyers:

Entry: Buy near $5.214 or on a breakout above $5.566.

Target: $5.588 or higher.

Stop Loss: Below $5.119.

2. For Sellers:

Entry: Look for resistance rejection near $5.566 to short.

Target: $5.119 or lower.

Stop Loss: Above $5.566 for short trades.

3. For Swing Traders:

Monitor the $5.119–$5.566 range for breakout opportunities.

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Outlook

Bullish Scenario:

A breakout above $5.566 could lead to a retest of $5.588 and potentially $5.700.

Bearish Scenario:

A failure to hold $5.214 may result in a pullback toward $5.119 or $4.520.

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