MyCryptoParadise_Simon

CVX/USDT descending channel expecting breakout? πŸ‘€πŸš€

Long
BINANCE:CVXUSDT   CVX / TetherUS
πŸ’Ž Paradisers, pay attention: #CVXUSDT is navigating a descending channel and is on the brink of a potential breakout, indicating a strong possibility of an upward trajectory.

πŸ’Ž Currently, #CVX is challenging the channel's resistance and has been trading within a consolidation zone. If it can maintain momentum at the key support level of $2.116 within this channel, we anticipate a substantial upward move, aiming for the resistance levels we've outlined.

πŸ’Ž Given the market's inherent volatility, if CVX fails to sustain its momentum and falls below the $2.116 support, it could signal a weakening of the bullish stance, potentially resulting in a considerable price drop.

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