$CVX /USDT: Bull Run in Progress!🔥💯

The chart shows a clear uptrend for CVX/USDT on the 30-minute timeframe, staying within a well-defined ascending channel. The price currently trades around $5.36, with strong momentum supporting further bullish action.

Entry Point

Now is an excellent opportunity to take a long position while the price remains near the lower trendline of the channel.

Target

1. First Target (T1): $5.60 (upper trendline of the channel)

2. Second Target (T2): $5.80 (next resistance zone)

Stop Loss

Set a stop loss below $5.20 to manage risk and protect your capital in case of unexpected price reversals.

Key Observations

• The price has gained 145.80% in the last 90 days, showing sustained bullish momentum.

• If the channel is broken to the upside, it could signal a stronger trend continuation, opening the door for even higher targets.

• Monitor volume and market conditions to ensure sustained movement within the channel.

Trade wisely and follow your plan!

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