$CVX /USDT – Bullish Recovery Attempt, Range Break Test ⚡
Momentum Analysis
CVX is showing a strong rebound from 1.73 support, printing higher lows on intraday timeframes. Momentum is improving, but price is now pressing into a key resistance band near 2.05–2.07, where sellers previously stepped in. Volume is decent but not explosive yet — this is a decision zone.
📊 Trading Data (Snapshot)
Price: 1.985 USDT
Change: +7.24%
24h High: 2.052
24h Low: 1.732
24h Volume:
CVX: 826,363
USDT: 1.57M
Depth Levels:
Resistance: 2.052 → 2.071
Support: 1.907 → 1.826 → 1.744
🎯 Long Setup (Swing / Momentum)
Entry Zone: 1.92 – 1.98
Targets:
T1: 2.05
T2: 2.18
T3: 2.35
Stop Loss: 1.74 (below range low & liquidity sweep)
✅ Breakout Confirmation
Clean breakout & hold above: 2.07 (4H close)
If confirmed, CVX can accelerate quickly due to thin overhead supply.
🛡 Key Support to Watch
Primary: 1.82
Major: 1.73 (range invalidation if lost)
💡 Pro Tip
This is not the place to chase. Either buy the pullback near support or wait for a confirmed breakout above 2.07. Fake breakouts are common in current market conditions — patience pays.