$CVX Short Trade on One Pair 🔴
Bearish Trade Setup - Confirmation of Lower High After Strong Rejection!
It rose to $2.850, but faced strong rejection at the resistance area.
The price has since retraced, forming a potential lower high, showing signs of weakness in the short term.
If it breaks the support level of $2.716, it may follow with a deeper decline.
The price is consolidating under the resistance level with a bearish bias - ideal conditions for a sell trade.
Set the stop-loss (SL) level above the recent high to avoid extended decline.
Once the price exceeds $2.70, move the stop-loss level to lock in early profits.
Trade Setup (Sell):
Entry Price: $2.735 - $2.760
Target 1: $2.667
Target 2: $2.619
Stop Loss: $2.805
Trade Here$CVX
CVX
2.098
+0.23%