$CVX /USDT — Local High Rejected, Weak Momentum Exposed, Bears Loading 🎯📉
🔴 Trade Setup: SHORT
Entry Zone: $1.75 – $1.78
🎯 TP1: $1.72
🎯 TP2: $1.68
🎯 TP3: $1.64
🛑 Stop Loss: $1.82
Why this setup?
$CVX pushed hard into the $1.80 resistance zone and got immediately slapped back with consecutive red candles that leave no room for interpretation — the bulls tried and failed decisively. The inability to sustain any price action above $1.78 is a clear and undeniable sign that bullish strength is fading fast and the lower high formation that followed is the market confirming the shift in control. When a sharp push into resistance gets rejected this quickly and cleanly the short term pullback that follows tends to be equally sharp and unforgiving for anyone still holding longs at these levels. 🧠💡
Debate:
Is this clean lower high rejection from $1.80 resistance the beginning of a sustained short term pullback that carries CVX through all three targets toward $1.64, or will buyers step back in aggressively at the entry zone and mount a second attempt at $1.80 that invalidates the short thesis before any real downside develops? 👀
Click here to Trade 👇
Don't miss $SIREN
