$CVX /USDT: Consistent Rise – Seize the Breakout Momentum

The $CVX /USDT trading pair is currently priced at $4.336, reflecting a daily increase of 10.98%, which suggests robust bullish activity.

On the 15-minute timeframe, a resistance level is identified at $4.411, with strong support established at $4.250.

A potential entry point for a long position could be at $4.340, accompanied by precise take profit targets to secure incremental gains.

Suggested take profit levels include $4.380 (TP1), $4.420 (TP2), and $4.460 (TP3).

To mitigate downside risks, it is advisable to implement a stop loss at $4.220.

Given the increasing RSI and substantial buying momentum, this strategy is geared towards short-term profits with minimal risk exposure.

Once TP1 is reached, adjust your stop loss to breakeven to ensure a secure trading environment.

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