CVX has spent the summer carving out a range, bouncing off the $1.12 lows and rotating back toward the middle of the band. Price is now coiling into Equilibrium — the kind of compression that resolves with a directional move.

The Macro Picture 🗺️
The broader structure is a range, not a trend. Macro Resistance caps the top at $2.081 with Local High / Decision just below at $1.961, while Macro Support anchors the base at $1.034. Price has spent weeks oscillating between them rather than picking a side.

The Setup ⚙️
Price is trading at $1.335, holding well above Local Low at $1.120. The squeeze into Equilibrium is the tell — buyers and sellers are compressing, and the range floor is doing its job.

The Range Floor 🟢
$1.120–$1.335 is the zone that matters. This is where a range strategy accumulates — buying the lower half of the band and scaling out into strength, letting the rotation pay while price works.

The Decision Point 🔴
$1.961 is the level that flips the story. Reclaim it and the range breaks upward; lose $1.120 and price slides back toward the $1.034 macro base.

The Roadmap 🛣️
Holding the range floor keeps the squeeze bullish and points price toward the $1.644 bull target. Invalidation is a daily close below $1.120 — lose the floor and the range thesis flips toward the lower band.

A GRID bot is built for exactly this kind of rotation — placing orders across the Range Floor and mid-band, banking every swing while price oscillates instead of waiting for one clean breakout.

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