CVX just broke the recent swing high, looks like itโs gearing up for a run. Volumeโs spiking and the price is holding above the last swing low.
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$CVX LONG ๐
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๐ Entry Range: $2.4326 โ $2.4374
๐ Stop Loss: $2.3619 (-3.0%)
๐ฏ TP1: $2.4715 (+1.5%)
๐ TP2: $2.5568 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 64%
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Weโve got a CHoCH on the chart, the CVD is confirming buying pressure, and a fresh FVG lines up with an order block that just held. A liquidity sweep cleared the downside and the POI confluenceโOB plus FVG overlapโlights up the entry zone.
A 3.0% stop is pretty tight on this swing, so stick to lowโleverage like 2โ3x.
Take half profit around the first target as soon as you see the price hug the recent order block.
Not financial advice โ trade only what you can afford to lose ๐
$CVX #CVXUSDT #SMC #TradingSignals #Write2Earn