$CVX /USDT – Bearish Setup Brewing After Strong Pump! Short Opportunity Near Resistance
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Current Price: $3.17
24h Change: +15.48%
24h High / Low: $3.224 / $2.705
24h Volume:
CVX: 1.24M
USDT: $3.74M
Category: DeFi | Gainer List
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Bearish Short Setup:
Short Entry Zone: $3.20 – $3.22
Take Profit 1 (TP1): $3.06
Take Profit 2 (TP2): $2.95
Take Profit 3 (TP3): $2.82
Stop Loss: $3.26
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Technical Breakdown:
$CVX has rallied sharply but is now facing strong resistance near the $3.22 zone (24h high).
MACD: -0.005 – Bearish divergence
DIF < DEA: Reversal momentum building
Volume: Showing signs of decline on 1h and 4h frames
This suggests a pullback is likely as buyers take profit near overextended levels.
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Market Insight:
Price is struggling to break above $3.22. If rejected again, it sets up a clean short with tight risk. Downside potential remains strong as DeFi tokens often retrace fast after a spike.
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Pro Tip:
Enter after a rejection wick or confirmation candle on 15m/30m. Don’t chase the top — wait for signs of exhaustion near $3.22 before executing your short.
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