📉 $CVX /USDT – BEARISH BREAKDOWN AHEAD? 🚨
CVX is showing weakness as it trades at $2.174 (-7.29%), losing key short-term supports. The momentum signals a bearish bias unless bulls step in strongly.
🔍 KEY LEVELS TO WATCH:
📉 Resistance Levels:
$2.24 – Recent high and intraday resistance
$2.38 – Strong supply zone
📈 Support Levels:
$2.15 – Current local support (24h low)
$2.00 – Major psychological support zone
$1.85 – Next historical demand zone if breakdown continues
💼 TRADE SETUP (SHORT):
🔻 Entry: $2.17–2.19 (on weak bounce or breakdown retest)
🎯 Targets:
TP1: $2.05
TP2: $1.90
TP3: $1.85
🛑 Stop Loss: $2.24 (above recent rejection)
📊 RISK MANAGEMENT:
🔹 Use max 1–2% of your capital per trade.
🔹 Stick to your stop loss — don’t average down.
🔹 Adjust position sizing based on volatility.
🚫 Let the trend be your friend — don’t fight the market! 🔥📉
#NFPWatch #TrumpVsMusk #DYMBinanceHODL #OneBigBeautifulBill #Write2Earn $CVX