🎯 $CVX bullish expansion is in play.
CVX just transitioned from consolidation into expansion after breaking above its local range ceiling. Before the breakout, price was printing clean higher lows — that told me accumulation was happening, not distribution.
The breakout wasn’t a fake spike. It carried constructive momentum, which shows real buyer participation. Now price is holding above the reclaimed range high, flipping that former resistance into support. That structural shift is key.
I’m looking at continuation as long as the structure stays intact.
LONG: $CVX
Entry Zone
2.05 – 2.15
Stop Loss
1.85
Target Points
TP1: 2.50
TP2: 3.00
TP3: 4.16
Why this setup works:
• Clear range breakout after consolidation
• Higher-low pattern confirms bullish structure
• Reclaimed resistance now acting as support
• Momentum expansion suggests continuation, not a liquidity grab
I’m entering within the defined zone, with invalidation below 1.85. If price keeps holding above the breakout area and pullbacks stay shallow, upside progression toward 3.00 and potentially 4.16 becomes structurally aligned.
Defined risk. Expanding reward. I’m trading the shift in structure, not chasing candles.