🚨 $CVX /USDT: A CRITICAL TURNING POINT – WATCH FOR THE NEXT MOVE! 🚨

$CVX is trading at 2.386, down 33.56% in the last 24 hours after testing a low of 2.307. The downtrend appears to be slowing, with price consolidating near a critical support zone. This could indicate either a reversal or further downside.

🔍 Key Levels to Watch:

Resistance: 2.494 – A breakout above EMA(99) could lead to recovery towards 2.610 and beyond.

Support: 2.307 – Holding above this level is crucial. A breakdown could push the price toward 2.200 or lower.

📈 Long Strategy:

Entry: Above 2.400, targeting 2.610, 2.800, and 3.000.

Stop Loss: 2.300 – Protects against further downside.

📉 Short Strategy:

Entry: Below 2.300, targeting 2.200 and 2.100.

Stop Loss: 2.400 – Minimizes risks from sudden reversals.

💡 Pro Tip: Watch EMA(7) and EMA(25) closely—crossing above EMA(99) may confirm a bullish reversal. Low trading volume indicates consolidation; however, a spike in volume could signal the next big move. Stay alert for trend confirmations before entering trades.

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$CVX