$CVX /USDT STRUGGLING TO HOLD GAINS – SHORT SETUP ON THE RADAR!
/USDT saw a recent spike to 2.565, but has failed to maintain upward momentum. The price is now consolidating lower at 2.527, showing early signs of weakness after a modest +1.20% gain.
🔻 Bearish Technical Cues: • Failed breakout at 2.565 with quick rejection
• Lower highs forming = short-term bearish structure
• Weak bounce attempts after dips
• Price slipping below minor support at 2.530
📉 Short Trade Plan: • Entry Zone: 2.525 – 2.535
• TP1: 2.480
• TP2: 2.435
• TP3: 2.390
• SL: 2.570 (above local high)
If $CVX fails to regain bullish control soon, it may revisit support levels from earlier in the session. Traders can look for confirmation on breakdowns below 2.520 with increasing sell volume.
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