$CVX /USDC BULLISH CONTINUATION ABOVE KEY SUPPORT
CVX is holding a higher-low structure after a mild pullback, indicating buyers are defending critical support levels. Price action suggests accumulation, with momentum gradually building toward a potential continuation to recent highs.
Parabolic SAR beneath price and short-term moving averages in bullish alignment confirm trend support. Volume shows absorption on dips and expansion during upward moves, signaling weakening selling pressure and readiness for the next bullish leg.
Volatility contraction near recent highs indicates energy is building for a breakout. Sustained support strengthens the probability of continuation toward higher resistance zones.
LONG SETUP
Entry Zone: Pullback into short-term support / consolidation base
Stop Loss: Below the higher low and structure invalidation
Targets:
TP1 – Retest of recent swing high
TP2 – Breakout into next resistance level
TP3 – Measured move projection from prior impulse leg
Bullish continuation remains favored while structure holds and upward momentum expands. A break below support shifts bias toward range-bound conditions.
RISK MANAGEMENT
Risk 1–2% per trade. Take partial profits at TP1 and trail stop to protect gains. Focus on structured pullback entries and avoid chasing extended candles.
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