CVX/USDT is currently trading at $7.480, showing solid price action and strong potential for both short-term and swing trades. Let’s dive into the analysis:
Key Levels to Watch:
Support Zone: $7.20–$7.30 (a critical area where buyers have been stepping in).
Resistance Zone: $7.80–$8.00 (the next major hurdle for the bulls).
Market Outlook:
CVX has been trading within a bullish structure, holding above the support zone. If the price breaks $7.80, we could see a rally toward $8.50 or even $9.00 in the near term. However, failing to hold support at $7.20 could trigger a pullback to $7.00.
Entry Strategy:
1️⃣ Breakout Entry: Buy above $7.80 on strong volume, targeting $8.50 and beyond. 2️⃣ Pullback Entry: Look for entries around $7.30–$7.40, with a stop-loss below $7.20 to minimize risk.
Pro Tip:
Keep an eye on RSI and volume indicators to confirm momentum. Bullish divergence or high-volume spikes can be a good sign of continuation.
With CVX holding key levels, it’s a great time to watch this pair closely. Are you ready to capitalize on the next move? 📈 Let’s discuss your strategy! 💬