🛑$CVX
CVXUSDT
Perp
1.796
-0.66%
BEARISH SETUP: SELLING PRESSURE BUILDING
$CVX is showing signs of bearish pressure after failing to sustain above the 1.900 resistance level. Price is currently testing short-term support at 1.801, and a break below this zone could accelerate the downside toward stronger support levels. Technical indicators confirm weakening bullish momentum, signaling a potential continuation of the bearish trend.
Entry: Short below 1.801 support
Targets:
TP1: 1.750
TP2: 1.700
TP3: 1.650
Stop Loss: Above 1.900 resistance
Risk Management: Limit exposure to 1-2% per trade; secure partial profits at each target to protect capital.
