Technical Analysis for $CVX /USDT:
Current Price Action:
Current Price: $4.259 (+12.17%)
24h High: $4.476
24h Low: $3.742
Targets:
1. Target 1: $4.500 (Resistance Level)
Immediate resistance level. A breakout above this point could signal further upside potential.
2. Target 2: $4.750 (Key Resistance)
Medium-term resistance level. A move past this point indicates continued bullish momentum.
3. Target 3: $5.000 (Psychological Level)
Major psychological resistance. Breaching this level could lead to significant price growth.
Strategy:
Secure Partial Profits: Consider taking profits at each target to lock in gains.
Stop Loss: Place a stop loss below $4.000 to minimize downside risk.
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