$CVX /USDT 15m update

Price is trading near 1.82 after a sharp push to 1.90 followed by a clean pullback. This looks like a classic post-impulse correction rather than weakness. Structure is still holding higher than the earlier base around 1.79–1.80, which keeps the short-term bias constructive.

Key support zone sits at 1.80–1.79. As long as price holds above this band, buyers remain in control. Immediate resistance is 1.85, followed by the major intraday supply at 1.90.

Bullish scenario: acceptance above 1.85 can trigger momentum continuation toward 1.88 and a retest of 1.90. A clean break and hold above 1.90 opens space for further upside expansion.

Bearish invalidation: a decisive breakdown below 1.79 would weaken the structure and expose 1.76–1.74.

Momentum has cooled, which often sets the stage for the next move. Watch volume on the next 15m breakout for confirmation.