🔴 $CVX – Weak Structure Still in Play
$CVX continues to show bearish pressure after a strong rejection from the upper resistance zone.
Buyers are attempting to stabilize the price, but momentum on the 1H timeframe still looks weak.
📊 Trade Setup:
- Entry Zone: $1.765 – $1.775
- Stop Loss: $1.725
🎯 Targets:
- TP1: $1.825
- TP2: $1.885
🔥 If bulls manage to reclaim the $1.80 level, recovery could accelerate quickly. Otherwise, another downside sweep remains a strong possibility.
⚠️ Market structure is still fragile — trade carefully and wait for confirmation.