$CVNA is trading at 63.63, up 3.26%. Buyers are showing positive momentum, and the 63.00 area is worth monitoring as potential support after the recent advance.
A sustained move above 64.00 could strengthen the setup and open the way toward 65.00 and 66.00. If price slips below 62.50, the bullish momentum could weaken. I’m watching for a stable hold rather than entering simply because price is rising.
Trade Setup:
Entry Zone: 63.20–63.70
Take Profit 1: 64.80
Take Profit 2: 65.80
Stop Loss: 62.40
I’ll wait for confirmation, size the risk sensibly, and avoid chasing the move.
A sustained move above 64.00 could strengthen the setup and open the way toward 65.00 and 66.00. If price slips below 62.50, the bullish momentum could weaken. I’m watching for a stable hold rather than entering simply because price is rising.
Trade Setup:
Entry Zone: 63.20–63.70
Take Profit 1: 64.80
Take Profit 2: 65.80
Stop Loss: 62.40
I’ll wait for confirmation, size the risk sensibly, and avoid chasing the move.