$CVX

Market Structure:

• Strong bullish rally into a supply zone (2.40 - 2.60).

• Price showing first signs of rejection.

• Key Zones:

• Supply Zone (2.40 - 2.60) → High probability short entry.

• First Demand Zone (2.20 - 2.25) → Potential bounce area.

• Deeper Demand Zone (1.95 - 2.05) → Stronger support if price nukes.

Trade Ideas:

Short Setup (Fade the pump)

• Entry: 2.40 - 2.50 (Inside supply zone)

• TP1: 2.25 (First demand zone)

• TP2: 2.05 (Deeper liquidity grab)

• SL: Above

Market Bias:

• Rejection at supply = short-term bearish.

• Holding 2.20 = continuation play for bulls.

Let price confirm—no front-running traps

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