$CVX /USDT

CVX

2.008

+1.51%

Trade Setup:

Long Entry: Enter long at 2.070 (breakout above the downward trendline & support turn resistance).Target (TP): 2.142 (previous swing high) & 2.180 (next resistance).Stop Loss (SL): 2.041 (below recent low to limit risk).

The overall market outlook for CVX/USDT is bearish in the short term, as the price has been in a clear downtrend on the 15m chart with moving averages acting as resistance. The recent breakout attempt needs sustained volume to confirm reversal; otherwise the pair may resume the decline toward 2.041 or lower.

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