$CVX is showing a weak rebound after a strong bearish impulse, followed by a corrective pullback into resistance. Price failed to sustain above the $2.00 zone and is now rolling over, indicating sellers are still in control. This looks like a continuation setup rather than a reversal.

Trade Setup (Short):

• Entry: 1.90 – 1.94

• TP1: 1.82

• TP2: 1.75

• TP3: 1.68

• SL: 2.05

Market Outlook:

Overall market structure remains bearish with lower highs intact. As long as CVX stays below the key $2.00–$2.05 resistance zone, downside continuation is favored. A clean break above resistance would invalidate this setup.

#CVXUSDT #CryptoTrading #ShortSetup #Binance #Altcoins

CVX
CVXUSDT
1.86
+0.81%