$CVX
CVX
2.074
+2.52%
✅ Scenario 1: Breakout Trade (Primary Setup – Bullish Continuation)
Entry:
Buy on breakout above 2.19 (4H candle close confirmation above 2.184)
Or aggressive entry on strong 1H breakout above 2.18
Stop-Loss:
2.10 (below breakout zone & MA7 support)
Take-Profit Targets:
TP1: 2.22
TP2: 2.28
TP3: 2.35 (if momentum continues)
Risk–Reward: Approximately 1:2 to 1:3
👉 Best for momentum traders.
✅ Scenario 2: Pullback Entry (Safer Setup)
If price retraces before breakout:
Entry Zone:
2.05–2.08 (near MA7 & previous breakout retest area)
Stop-Loss:
1.98 (below MA25 & structure support)
Take-Profit Targets:
TP1: 2.18
TP2: 2.25
TP3: 2.30
👉 This offers better risk-reward if market pulls back.