🚨 CVX/USDT Analysis: Major Breakout Alert! 🚨
CVX has experienced a significant price surge, breaking past key resistance levels. Here’s a detailed analysis of the current market action.
Resistance Breakout: The price broke through the $2.873 and $4.129 resistance levels, signaling bullish momentum.
Long Term Rejection Block: The next critical area to watch is the $5.744 zone, a long-term rejection block.
RSI Indicator: The RSI is currently at 76.42, indicating overbought conditions. This may suggest a potential pullback or consolidation.
Volume Spike: The volume has increased significantly, supporting the upward movement.
Key Levels to Watch:
Immediate Support: $2.873
Immediate Resistance: $4.129
Critical Resistance: $5.744
Strategy:
For Traders: Consider taking profits near $5.744 if the price reaches this level.
For Investors: Watch for a possible pullback to $4.129 or $2.873 for potential buy opportunities.
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