$CVX /USDT — Pro Trader Update
Market Overview
CVX is showing constructive bullish structure on the 1H timeframe. Price has pushed above short-term moving averages with MA(7) crossing and holding above MA(25), indicating momentum expansion. Recent candles show higher highs and higher lows with a strong impulse toward the 1.98 zone — a clear attempt to reclaim local supply.
Volume expansion during the breakout leg confirms participation, not just thin liquidity movement. However, price is currently retesting after rejection near intraday high — typical continuation setup if support holds.
Bias: Mild bullish continuation unless structure fails.
Key Levels
Support
1.92 — Dynamic MA support / breakout base
1.89 — Structural support zone
1.84 — Trend invalidation level
Resistance
1.98 — Immediate rejection zone
2.00 — Psychological barrier
2.05 — Next liquidity pocket
Next Move Expectation
If price holds above 1.92 consolidation:
Likely continuation attempt toward 2.00 sweep
Momentum traders will chase breakout above 1.98
If 1.92 fails:
Pullback toward 1.89 mean reversion
Deeper correction possible before next leg
Current structure slightly favors upward expansion.
Trade Targets (Signal Style)
Entry Zone
1.93 — 1.95 range on pullback stability
Targets
TG1 → 1.98
TG2 → 2.02
TG3 → 2.05
