$CVX ๐ฅ๐ฏ
/USDT Bearish Outlook ๐ป
$CVX is under selling pressure after rejection from resistance, with momentum indicators leaning bearish. A breakdown below support could trigger further downside.
๐น Current Price: $4.184
๐น Trend: Bearish continuation
๐น Resistance Zone: $4.50 โ $4.62
๐น Indicators: MACD bearish crossover, RSI trending down
๐ Trade Setup:
Entry Zone: $4.18 โ $4.25 (on breakdown confirmation)
Target 1 ๐ฏ: $4.00
Target 2 ๐ฏ: $3.75
Stop-Loss: $4.42
โ ๏ธ Caution: A sharp break below $4.04 could accelerate selling. Monitor volume closely for confirmation.