I’m watching $CVX /USDT closely around this area because they’re building strength above a key reaction zone. The move down into 2.14–2.18 produced a strong bounce, and that area aligns with previous intraday support as well as a clean retracement of the impulse leg from 2.05 to 2.32. Price respected this zone multiple times and reclaimed short-term moving averages, which tells me buyers are actively defending it.

If this level holds, the structure remains bullish and opens the door for another rotation toward the highs.

Trade Setup

Entry Zone: 2.18 – 2.22

Target 1: 2.30

Target 2: 2.40

Stop Loss: 2.12

I like this zone because it’s a clear demand area with prior support, a healthy retracement, and visible buyer reactions on lower timeframes. I’m watching how price behaves above this base — if they continue to hold higher lows, it confirms accumulation. As long as this level holds, CVX looks positioned for continuation rather than a deeper correction.

#WhoIsNextFedChair #GoldOnTheRise #FedHoldsRates #TokenizedSilverSurge #TSLALinkedPerpsOnBinance