Momentum is holding strong near a key resistance level, and buyers are still leading the move.
$CVX x— Long Setup
Trade Plan:
Entry: $1.88 – $1.92
Stop Loss: $1.82
Take Profit 1: $1.98
Take Profit 2: $2.08
Take Profit 3: $2.20
Why this setup?
On the 1H timeframe, CVX is showing a clear bullish structure with consistent higher highs and higher lows. Price is currently consolidating just below the $1.95 resistance after a strong bounce from the $1.78 support zone — a sign of healthy momentum rather than weakness. As long as price stays above the $1.85 support area, the path toward the psychological $2.00 level and higher targets looks strong.
Market Question:
Will CVX break above $2.00 and turn it into solid support, or will we see another rejection and short consolidation before the next move?
Trade smart. Watch both buy and sell opportunities on $CVX
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