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