📉 $CVX /USDT SHORT TRADE SETUP
$CVX is trading at 2.094, showing bearish momentum with a -22.74% decline after rejecting the 2.444 resistance zone. The token has formed lower lows on the 1H timeframe, with sellers maintaining control. Price action suggests continued downside pressure.
🎯 Target Points
TP1: 2.000
TP2: 1.900
TP3: 1.800
🛡️ Stop Loss
Set stop loss above 2.200 to manage upside risk and protect capital.
📊 Key Levels
24h High: 2.444
24h Low: 1.700
Current Resistance: 2.150
RSI(6): 26.76 (oversold territory - potential bounce risk)
⚠️ Trade Notes
With RSI near 27, the token is in oversold territory which could trigger a short-term relief bounce. Watch for price action around key support levels and consider taking partial profits at each target. Avoid over-leveraging in volatile conditions.
Trade with caution on $CVX
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