$CVX is showing strong activity around the 2.04 zone, posting a +2.5% move in the last 24 hours. After a sharp push toward 2.23 followed by a quick rejection to 1.98, price is now stabilizing. This kind of volatility often signals accumulation after a stop-hunt.

On the 1H timeframe, candles are compressing above a key support band, suggesting momentum is rebuilding rather than fading. Buyers are stepping in early, not chasing highs, which is usually how sustainable moves begin.

Trade Setup

• Entry Zone: 2.00 – 2.05

• Target 1: 2.12

• Target 2: 2.23

• Target 3: 2.40

• Stop Loss: 1.95

If CVX reclaims 2.12–2.15 with convincing volume, it can invalidate the rejection and transition into a continuation move. A clean break above 2.23 would shift structure bullish on higher timeframes and open room for expansion toward the upper range. Risk management is key, but the structure is quietly setting up for a decisive move.

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CVX

1.983

+1.53%