🚀 $CVX is showing a potential technical setup!

CVX/USDT is displaying a visible structure on the 1W timeframe.

📈 The Technical Setup:
• The Pattern: Range Consolidation and Base Formation
• Short-term Target: 2.374
• Macro Objective: 2.962
• Market Structure: consolidation

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 1.000 - 1.422
• Resistance: 2.374
• Breakout Level: 2.374
• Stop Loss / Invalidation: 1.000

📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Consolidating near support after a macro corrective move
• Trend: Long-term range with recent minor recovery attempt

⚠️ Invalidation:
A sustained weekly close below the 1.000 support level would invalidate the current base setup.

CVX is currently forming a range base following a strong correction, waiting for a breakout confirmation above key resistance.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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