🚨 $CVX Breakout: 26% Rally and Key Targets Ahead! 🚨

$CVX is making a strong move, currently trading at $5.077, with a 26.23% gain in the last 24 hours! After reaching a 24-hour high of $5.657, bulls are showing significant strength, positioning CVX for further upside. Here's the technical breakdown and 3 critical price targets to watch closely.

🔍 Technical Analysis

The 4-hour chart displays a clear bullish breakout from a low of $3.861, driven by strong volume and buying momentum. CVX is now testing resistance near $5.65. A sustained move above this level could confirm the continuation of the uptrend.

🎯 3 Key Targets to Watch

1️⃣ $5.65 – Immediate resistance. A breakout above this level could open the door for further gains.

2️⃣ $6.20 – A mid-term target, signaling continued bullish momentum.

3️⃣ $7.00 – A long-term psychological level that could be tested if the rally continues.

🛡️ Key Support Levels

$4.77 – Immediate support to maintain the current bullish structure.

$3.86 – Strong foundational support for deeper corrections.

⚡ Trade Setup

Long Entry: Above $5.65 with targets at $6.20 and $7.00.

Stop Loss: Below $4.77 to minimize downside risks.

📈 Market Sentiment

With a 24-hour trading volume of 13.48M CVX, market interest in CVX is surging. Watch for a potential breakout above $5.65 as bulls aim for the next key levels.

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