$CVX USDT update
#Market is trading around 1.7 to 2.1 zone showing weak structure with continuous volatility and low momentum �
CoinMarketCap +1
Step by step analysis
#Price holding near support zone 1.60 to 1.70 but still under pressure due to weak demand
Overall trend remains bearish to neutral as price keeps forming lower highs
Short term bounce possible but #volume is declining showing lack of strong buyers �
CoinGecko
Major resistance near 2.20 to 2.40 zone where strong rejection expected
If price breaks above 2.40 then reversal toward bullish structure possible
If loses 1.60 support then downside toward 1.40 possible as previous low near that area �
CoinGecko
Entry zone 1.70 to 1.95
Take Profit 2.20
Take Profit 2.50
Take Profit 2.80
Stop Loss 1.55
Market insight
CVX is highly dependent on overall crypto market direction and currently underperforming compared to broader market with weak sentiment and reduced trading activity �
CoinGecko +1
Until strong breakout above resistance market likely to stay sideways to bearish with sudden spikes driven by Bitcoin moves
