$CVX
/USDT Technical Analysis & Trade Signals
Momentum Analysis
Trend: Strong bullish momentum (+25.03%).
Support Level: $5.300
Resistance Levels: $6.065 (24h High), $6.122 (Depth High).
Key Indicators: Likely overbought (RSI >70); high volume supports bullish continuation.
Trade Signals
Entry Zone: $5.500–$5.650 (buy on dips).
Stop Loss: $5.200 (below support).
Targets:
1. 🎯 $6.000 (near-term resistance).
2. 🎯 $6.300 (key breakout level).
3. 🎯 $6.700 (extended bullish move).
Trade Momentum
Sustained movement above $6.100 signals strong buying pressure.
Volume spikes above $6.000 could indicate a breakout; monitor for profit-taking zones.
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