$CVX /USDT On Fire: Breakout in Progress – Seize the Momentum! 🚀🔥
Current Status:
$CVX is trading at $5.378, surging +17.5% in today’s session. Bullish momentum dominates, with the price clearing key resistance at $5.30, signaling a strong breakout.
Technical Analysis:
Recent Gains:
Last week: +28.64%
Past 30 days: +67.03%
Resistance Levels:
Cleared: $5.30
Next Target: $5.40 and $5.50
Support Levels:
Strong: $5.20 (vigilance needed for potential retracement)
Trade Setup (for cautious traders):
Entry Point: Current Price ($5.378) or on pullback near $5.30.
Targets:
Target 1: $5.40
Target 2: $5.50
Stop-Loss: $5.20
The consistent upward trend reflects robust market interest, likely fueled by the growing buzz around crypto ETFs and institutional involvement. This breakout presents a promising short-term trading opportunity—watch volume closely to confirm strength.
Pro Tip: Always manage risks and adhere to stop-loss levels amid high volatility.