$CVX /USDT Downtrend Starting 💯
$CVX has started to show weakness after reaching a high of $4.68. The price has dropped back to $4.53 and is forming red candles on the 15-minute chart. This suggests that selling pressure is increasing.
Market Overview:
Price dropped from $4.68 to $4.53
Red candles forming after a sharp rise
Possible rejection at resistance level
Volume is slowing down on the buying side
Key Support Level: $4.45
If price breaks below this, more downside is likely.
Target 1: $4.35
Target 2: $4.20
Stop Loss: $4.62 (above the recent high)
Risk Tip: Watch how price reacts near $4.45. Only enter if it breaks and holds below that level.
Wait for clear confirmation before taking a short position.
