$CVX IS TRAPPING SHORTS ⚡
CVX is holding above the lower boundary of a descending triangle on the daily chart, keeping a bullish reversal alive if buyers defend this zone. A confirmed bounce would signal stronger institutional accumulation and could force momentum traders to reprice the setup fast.
Watch the boundary. Let liquidity get swept, then wait for a clean reclaim before chasing. If volume expands on the bounce, expect shorts to cover and size to rotate in aggressively. Stay patient and let whales show their hand before you commit.
I like this because the market is compressing at a decision point where price has to choose. When a descending triangle fails to break down, the move that follows can be sharp and violent. That kind of asymmetry is exactly what I want on my radar right now.
Not financial advice. Manage your risk.
#Crypto #CVX #Altcoins #TechnicalAnalysis #WhaleWatch
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