Technical Analysis for $CVX /USDT:
Current Price Action:
Current Price: $4.306 (+14.19%)
24h High: $4.476
24h Low: $3.742
Targets:
1. Target 1: $4.500 (Resistance Level)
Key short-term resistance. Breaking this level could indicate bullish continuation.
2. Target 2: $4.750 (Key Resistance)
Medium-term resistance. A move past this level confirms strong upward momentum.
3. Target 3: $5.000 (Psychological Level)
Critical round number. High trading volume might be required to sustain a breakout.
Strategy:
Secure Partial Profits: Consider closing some positions at each target to manage risk.
Stop Loss: Place below $4.000 to protect against reversals.
Next Steps:
Watch for rejection or consolidation at resistance levels to refine trading strategy.