🚨 $CVX /USDT AT CRITICAL LEVELS – POTENTIAL BREAKOUT OR PULLBACK AHEAD! 🚨
The $CVX /USDT 15-minute chart reveals a significant upward channel, signaling strong bullish momentum. With the price currently hovering around £1.701 USDT, CVX is pressing against the upper trendline, suggesting an imminent move.
🔹 Key Levels to Watch:
• Resistance: £1.754 USDT – This is the upper boundary. A breakout here could drive a rapid push toward new highs.
• Support: £1.680 USDT – The lower boundary of the channel; if this fails, expect a downward shift toward £1.660 USDT.
💡 Entry Strategy:
• Long Entry: Above £1.710 USDT, targeting £1.740 USDT in the short term with a stop-loss at £1.680 USDT. If resistance at £1.754 USDT breaks, consider riding the bullish wave for a higher target.
• Short Entry: Below £1.680 USDT, with an initial target of £1.660 USDT. Set a stop-loss around £1.710 USDT to manage risk.
This setup indicates a high-tension moment; a decisive breakout or pullback from these levels could dictate the next trend. Stay alert for volume surges, as they’ll likely confirm the next major move!
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