$CVX

📊 CVX/USDT Technical Analysis: Bulls Eye Momentum at $7.176 🚀

The CVX/USDT pair is trading at $7.176, signaling growing market activity as traders assess the next big move. Here's a closer look at the technical setup:

🔹 Key Support: The price has solid support at $7.000, a critical level where buyers have consistently stepped in to defend against downward pressure.

🔹 Key Resistance: The immediate resistance lies at $7.500, a psychological barrier and recent rejection zone.

📈 Bullish Scenario: If CVX breaks above $7.500 with significant volume, it could spark a rally toward the next target at $8.000. Bulls will want to see momentum build to sustain the move.

📉 Bearish Scenario: A breakdown below $7.000 could expose the price to further downside, with the next major support resting at $6.800.

🎯 Trading Strategy:

Long Entry: Consider buying on a breakout above $7.500 with a target of $8.000 and a stop-loss around $7.200.

Short Entry: Watch for a breakdown below $7.000. Target $6.800 with a stop-loss near $7.150.

The market is at a pivotal point—CVX is gearing up for its next move. Will the bulls seize control, or will bears take charge? Keep your eyes on these critical levels! 💼🔥

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