$CVX
Choppy climb, sharp rejection, then balance. Price pushed into 1.94, got slapped back, and didn’t collapse. That’s the tell. After the wick, CVX stayed above the 1.82–1.84 zone instead of bleeding lower. Sellers showed up, but they didn’t take control.
This is range acceptance after a failed breakout attempt. Compression near the mid-range usually resolves with momentum, not drift. As long as price holds above the recent base, another push toward the highs stays on the table.
Trade setup (long, spot or low leverage)
EP: 1.82 – 1.86
TP1: 1.92
TP2: 2.00
TP3: 2.12
SL: 1.78
Lose 1.78 and the structure breaks. Hold above it, and CVX remains in recovery mode, not distribution.
CVX
1.914
+10.95%