Looking at CVX's market situation, it is indeed a bit complicated.

The 15-minute RSI is still decent, maintaining around 64, but on the 1-hour and 4-hour charts, it’s a different story — RSI has already exceeded 76. Even more concerning is that the 4-hour chart is still declining, but trading volume suddenly surged, indicating that both bulls and bears are fighting here, and a pullback could happen at any time.

Here are the key levels:
- Currently at 2.24, which is a tug-of-war zone between bulls and bears
- Resistance levels at 2.30 and 2.40
- Support levels at 2.15 and 2.05

From a strategic perspective, if the price breaks above 2.30, I’ll go long with a target of 2.40, and place a stop loss at 2.24. Conversely, if it falls below 2.15, I’ll switch to short positions, targeting 2.05, with a stop loss at 2.22. But between 2.15 and 2.30, I choose to stay on the sidelines.

**Honestly, I’m not taking any action right now.** The reason is simple: the price is stuck at 2.24, and both major timeframes are overbought beyond reason. Jumping in now to chase the high carries too much risk. My plan is to wait — wait until the price truly breaks below 2.15 and then rebounds without further weakness, which would be a safer shorting opportunity; or wait until it strongly breaks above 2.30, and if it pulls back without breaking that level again, that would be a good chance to go long. For now, I prefer to observe and let the market give me a clear direction.