🛑$CVX

CVX
CVXUSDT
2.104
-1.12%

BEARISH SETUP: DOWNSIDE PRESSURE BUILDING

$CVX is showing bearish signs after failing to sustain above the 1.870 resistance zone. Price is currently testing support at 1.866, and a breakdown below this level could accelerate the decline toward key lower support zones. Technical indicators suggest weakening bullish momentum, signaling continuation of the bearish trend.

Entry: Short below 1.866 support

Targets:

TP1: 1.800

TP2: 1.750

TP3: 1.700

Stop Loss: Above 1.870 resistance

Risk Management: Risk 1–2% per trade; scale out partially at each target to secure profits.

#TechnicalAnalysis #BearishSetup #CVXUSDT