$CVX / USDT Downward momentum continues
CVX shows a clear downward momentum after rejection from the 2.30 area. The price has formed lower highs and is currently pressing towards support, indicating that sellers are still in control. Unless a strong recovery occurs, continued downward movement is likely.
Key levels
Resistance: 2.20 – 2.25
Support: 2.08 – 2.00
Trade setup
Entry area:
• Short pull: 2.18 – 2.22
• Short break: below 2.08 with confirmation
Profit targets
TP1: 2.05
TP2: 2.00
TP3: 1.92
Stop loss
Above 2.28
Forecast
Failure to recover the resistance area 2.20–2.25 keeps downward pressure active. A clean break below 2.08 could accelerate selling towards the psychological level of 2.00 and below.
Trend: Bearish below resistance 2.20
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