$CVX /USDT Trade Analysis
Current Price: $5.826
Resistance Levels:
$6.00
$6.10
Support Levels:
$5.70
$5.50
Analysis:
CVX has seen significant growth with a 24.83% gain in the last 24 hours. It is currently consolidating near $5.826 after testing the $6.065 high. A breakout above $6.00 could extend the rally towards $6.10, while a dip below $5.70 may lead to further downside towards $5.50.
Trade Setup:
Long Entry: $5.83
Target 1: $6.00
Target 2: $6.10
Stop Loss: $5.70
Short Entry: $5.70
Target 1: $5.50
Target 2: $5.40
Stop Loss: $5.83
Watch for increased volume to confirm breakouts. Manage risks carefully as volatility persists.