đš $CVX Breakout: 26% Rally and Key Targets Ahead! đš
$CVX is making a strong move, currently trading at $5.077, with a 26.23% gain in the last 24 hours! After reaching a 24-hour high of $5.657, bulls are showing significant strength, positioning CVX for further upside. Here's the technical breakdown and 3 critical price targets to watch closely.
đ Technical Analysis
The 4-hour chart displays a clear bullish breakout from a low of $3.861, driven by strong volume and buying momentum. CVX is now testing resistance near $5.65. A sustained move above this level could confirm the continuation of the uptrend.
đŻ 3 Key Targets to Watch
1ïžâŁ $5.65 â Immediate resistance. A breakout above this level could open the door for further gains.
2ïžâŁ $6.20 â A mid-term target, signaling continued bullish momentum.
3ïžâŁ $7.00 â A long-term psychological level that could be tested if the rally continues.
đĄïž Key Support Levels
$4.77 â Immediate support to maintain the current bullish structure.
$3.86 â Strong foundational support for deeper corrections.
⥠Trade Setup
Long Entry: Above $5.65 with targets at $6.20 and $7.00.
Stop Loss: Below $4.77 to minimize downside risks.
đ Market Sentiment
With a 24-hour trading volume of 13.48M CVX, market interest in CVX is surging. Watch for a potential breakout above $5.65 as bulls aim for the next key levels.
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