$CVX /USDT short tread single 🔴 😭
BEARISH TRADE SETUP – LOWER HIGH CONFIRMED AFTER STRONG REJECTION!
$CVX spiked up to $2.850 but faced strong rejection at that resistance zone. The price has since pulled back and is forming a potential lower high, showing signs of short-term weakness. If the $2.716 support cracks, a deeper drop may follow.
Trade Setup (SHORT):
Entry: $2.735 – $2.760
Target 1: $2.667
Target 2: $2.619
Stop Loss: $2.805
Why Short?
After a rapid pump from $2.63 to $2.85, $CVX failed to maintain bullish momentum. Repeated rejection candles and shrinking volume signal buyer exhaustion. Price is consolidating under resistance with a bearish tilt — ideal conditions for a short.
Risk Management Tip:
Set your SL tight above the recent high to avoid extended drawdown. Once price breaks $2.70, trail your stop to lock in early profits.
Don’t let this bearish reversal slip away — sell the lower high and ride the momentum down!
Ride the momentum before it fades — profits favor the fearless!
buy and trade here on
