CVX/USDT Technical Analysis📊: Buying, Selling, and Stop Loss Targets 🎯

$CVX

Current Price: 4.412 USDT

Support Level: 3.099 USDT

Resistance Level: 4.590 USDT

Trading Data:

24h High: 4.590 USDT

24h Low: 3.099 USDT

24h Volume (CVX): 7.66M CVX

24h Volume (USDT): 29.87M USDT

Technical Analysis:

MA (Moving Average): Bullish, indicating strong upward momentum.

EMA (Exponential Moving Average): Positive, confirming the ongoing uptrend.

MACD: Bullish, signaling continuation of the upward price movement.

Bollinger Bands: Price approaching the upper band, suggesting potential for a breakout.

SAR (Parabolic SAR): Supports the upward trend, reinforcing bullish sentiment.

Step-by-Step Trading Strategy:

Buy Signal:

Enter near 3.099 USDT (support level) if signs of reversal appear.

Alternatively, buy on a breakout above 4.590 USDT (resistance level), confirming an upward rally.

Sell Signal:

Exit near 4.590 USDT (resistance level) if price shows signs of stalling.

If a breakout continues, adjust your sell target to the next resistance level above 4.590 USDT.

Stop Loss:

Set a stop loss near 3.099 USDT to manage downside risk.

Target Price:

Short Term: 4.590 USDT (immediate resistance level).

Long Term: If the breakout holds, watch for the next resistance at 4.627 USDT.

Important Notes:

Best Time to Buy: Look for high-volume periods or when price nears support for potential reversal.

Best Time to Sell: Watch for reversal near resistance at 4.590 USDT.

Always check live charts before entering any trades.

Disclaimer:

Trading involves risk. This is not financial advice. Always do your own research and trade responsibly.

#CVX #CVX/USDT #BSCOnTheRise #MarketInTheGreen #MarketBuyOrHold?