$CVX
Open interest is up 116%—positions are nearly doubling and still piling in. Price is up about +20.9%; don’t chase at the current price—wait for a pullback.
Price is around 2.558, with a 24h high of about 2.637 and low of about 2.103; funding rate is about +0.005%.
Direction: Don’t chase the rally; wait for a pullback before considering a long.
Aggressive: Try a small long near 2.38 on a pullback, with a stop at 2.26 (about −5.0%); initial target: 2.65.
Conservative: Wait for price to stabilize around 2.20 before entering, with a stop at 2.09 (about −5.0%); target around 2.48.
If it breaks below 2.20, will you admit you were wrong, or give it one more chance to bounce?
Note: This analysis is for reference only and does not constitute investment advice!
#CVX
#FuturesMarketMoves
Open interest is up 116%—positions are nearly doubling and still piling in. Price is up about +20.9%; don’t chase at the current price—wait for a pullback.
Price is around 2.558, with a 24h high of about 2.637 and low of about 2.103; funding rate is about +0.005%.
Direction: Don’t chase the rally; wait for a pullback before considering a long.
Aggressive: Try a small long near 2.38 on a pullback, with a stop at 2.26 (about −5.0%); initial target: 2.65.
Conservative: Wait for price to stabilize around 2.20 before entering, with a stop at 2.09 (about −5.0%); target around 2.48.
If it breaks below 2.20, will you admit you were wrong, or give it one more chance to bounce?
Note: This analysis is for reference only and does not constitute investment advice!
#CVX
#FuturesMarketMoves