concise technical analysis and trade signal for the $CVX

/USDT pair:

Technical Analysis (CVX/USDT):

Current Price: $5.20

Trend: Bullish momentum (+14.82% in the last 24 hours), indicating positive short-term momentum.

Support: $4.336 (24h low) – acting as a key level.

Resistance: $5.209 (24h high) – a potential area for price to face rejection.

RSI: Likely above 50, suggesting moderate bullish pressure (but could be nearing overbought territory).

MACD: If positive, it suggests strong bullish momentum.

Trade Signals:

1. Entry Point: Buy around $5.00–$5.05, as it could be a good level for a continuation of the bullish trend.

2. Target 1: $5.50 – A reasonable first target in case of further upward movement.

3. Target 2: $5.75 – A secondary target with extended bullish momentum.

4. Target 3: $6.00 – The final level to target if strong bullish continuation is observed.

Trade Momentum:

Bullish: Momentum is currently positive, with a +14.82% rise over the last 24 hours.

Risk Management: Use a stop loss below $4.80 to safeguard against any potential reversal.

Consideration: If the price retraces to $4.90–$5.00, it might offer a good re-entry point.

This analysis suggests a bullish trend with possible continuation towards higher levels, but watch for price action and potential pullbacks.

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