$CVX /USDT has just delivered a near-vertical impulse and is now showing clear signs of exhaustion around the intraday peak. Momentum is fading as price fails to stay above the nearby resistance area, with selling pressure beginning to emerge. After such a strong expansion, this structure typically results in a corrective pullback or further downside continuation unless buyers regain control quickly. At this stage, market conditions favor short setups rather than late long entries.
CVX
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Trade Idea: Short
Entry Zone: 2.30 – 2.36
TP1: 2.18
TP2: 2.05
TP3: 1.95
Stop-Loss: 2.45
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