đ $CVX Heating Up â Eyes on $6 Next? đ„
$CVX just staged a textbook rally straight from the $2.28 demand zone, and the momentum looks far from over. Here's why this move could be just the beginning:
đč Break of Structure (BoS) confirmed above $3.85
đč Strong bounce to $4.83, despite short-term resistance
đč Liquidity cluster sitting above $6.06 â thatâs the next major target
đč Higher timeframe FVG (Fair Value Gap) remains open, hinting at further upside
đ§ Technical Snapshot:
â Long-term downtrend officially broken â bullish momentum is in play
â Aggressive buying followed a sweep of equal lows (EQLs)
â As long as $3.85 holds, the bias stays firmly bullish
đ Key Levels to Watch:
Support: $3.85 and $3.00
Resistance: $4.83 (local) â $5.50 â $6.06 (macro target)
With DeFi sectors regaining traction, $CVX could be a leader in the next big leg up. Donât sleep on this setup. âĄ
