$CVX is showing signs of strength after defending the 1.50 support zone. Despite short term selling pressure, buyers stepped in aggressively near the daily low and pushed the price back above support. The recent recovery candle suggests that bulls are attempting to regain momentum and could target higher resistance levels if buying volume continues to increase.

Current market structure remains in a recovery phase. The key area to watch is the 1.50 to 1.51 support region. As long as price holds above this zone, the probability of a continuation move toward higher targets remains favorable. A breakout above nearby resistance could accelerate bullish momentum and attract additional buyers into the market.

Price: 1.523 USDT

24H High: 1.599 USDT

24H Low: 1.504 USDT

Market Sector: DeFi

Sentiment: Cautiously Bullish

Trade Setup

Entry Zone: 1.518 – 1.525 USDT

Target 1: 1.540 USDT

Target 2: 1.555 USDT

Target 3: 1.575 USDT

Stop Loss: 1.498 USDT

Risk Management

Wait for price to remain above the 1.518 support area before entering. A strong candle close above 1.530 would provide additional confirmation for upside continuation. Keep position sizing controlled and respect the stop loss level if support fails.

Trade Idea

CVX is attempting to recover after a sharp rejection toward 1.504. The strong rebound from the low indicates buyers are defending the area aggressively. If momentum continues, the coin could revisit the 1.55 to 1.57 range in the short term. Bulls remain in control while price stays above 1.50.

Let's go trade CVX and watch for a breakout toward the next resistance levels. 🚀📈