$CVX
/USDC BULLISH CONTINUATION SETUP
Market Structure:
Price is maintaining a bullish structure above the Supertrend (10,3) after a steady upward move. The higher lows and consolidation near recent highs indicate that buyers are accumulating, setting the stage for the next leg up.
Trend & Momentum:
Supertrend acting as strong support, confirming bullish bias.
EMA and MA alignment favors continuation with upward momentum.
Volume supports the recent rally, suggesting healthy buyer participation.
Trade Plan – LONG SETUP:
Entry Zone: 2.210 – 2.295
Targets:
TP1: 2.360
TP2: 2.420
TP3: 2.500
Stop Loss: 2.064 (below Supertrend and structural support)
Invalidation:
A decisive break below the stop-loss level would negate the bullish setup and shift momentum to sellers.
Risk Management:
Risk a small fixed percentage per trade, secure partial profits at targets, and trail stop loss after TP1 to protect gains.
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