🛑$CVX - BEARISH PRESSURE INCREASES

$CVX shows signs of bearish pressure after failing to hold above the resistance level of 1.900. The price is currently testing short-term support at 1.801, and a break below this zone could accelerate the downward movement to stronger support levels. Technical indicators confirm the weakening of bullish momentum, signaling a potential continuation of the bearish trend.

Entry: Short below support at 1.801

Targets:

TP1: 1.750

TP2: 1.700

TP3: 1.650

Stop Loss: Above the resistance level of 1.900

Risk Management: Limit risk to 1-2% per trade; secure partial profits at each target to protect capital.$CVX

CVXUSDT

Perp

1.799

-0.33%

#TechnicalAnalysis #BearishSetup #CVXUSDT