Looking at the $CVX /USDT 4-hour chart, the resistance zone is visible around $6.80, while support is established at $6.00. A breakout above $6.80 could be a long entry point, targeting $7.50, with a stop loss at $6.50 to manage risk. Conversely, a break below $6.00 suggests a short entry, targeting $5.20, with a stop loss set at $6.20.

The highlighted purple zone indicates a key supply area where selling pressure is evident. Waiting for a clear breakout or rejection in this zone ensures safer entries. Current market momentum leans bullish, with a 7.39% daily gain, but risk management is crucial given market volatility. Monitor volume for confirmation before entering trades.

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