$CVX
/USDT:
Technical Analysis:
Current Price: $4.18 (+33.77%)
Trend: Bullish momentum, significant upward movement in the past 24 hours.
Resistance Levels:
$4.50 (24h high) – Key resistance area.
$4.60 – Potential next breakout level.
Support Levels:
$4.00 – Short-term support.
$3.10 – Recent low, strong support zone.
Trade Momentum:
Momentum: Strong buying interest, as indicated by increased trading volume (CVX: 5.80M, USDT: 21.96M).
RSI: Likely trending towards overbought territory, suggesting a potential pullback or consolidation soon.
Target Levels 🎯:
1. Target 1: $4.50 – Near-term resistance, consider taking profits.
2. Target 2: $4.60 – Breakout zone, continuation of upward momentum.
3. Target 3: $5.00 – Higher resistance, if bullish trend holds.
Trade Signal:
Buy: Look for confirmation above $4.50 with strong volume.
Sell/Take Profit: At $4.50 and $4.60 levels.
Stop-Loss: Set around $3.90 to manage downside risk.
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