$CVX
/USDT Technical Analysis🎯🎯🚀🚀🚀
Current Momentum: Bullish (+15.03% in 24h)
The price has shown strong upward momentum with a high-volume breakout, signaling potential for further growth.
CVX is currently trading near its 24h High ($5.166), suggesting sustained buying pressure.
Trade Signal: Buy on Retest
Entry Point: $4.70 - $4.80
Look for a pullback towards the support zone around $4.70 to confirm entry.
Target Levels 🎯
1. Target 1: $5.10
2. Target 2: $5.30
3. Target 3: $5.55
Stop-Loss:
$4.45 (to minimize risk if price reverses below key support).
Momentum Indicators:
RSI: Above 60 (Positive)
MACD: Bullish crossover on the 4-hour chart
Volume: High buying interest confirms trend continuation.
Keep monitoring the $5.166 level; a break above could lead to higher momentum!
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