$CVX / USDT Showing Downtrend on Binance - Testing Support Levels 📉
Looking at the $CVX / USDT 4-hour chart, we can observe a clear downward trend. Currently trading at 2.148 USDT, it's down -2.63% in the last 4 hours and -3.24% today.
After failing to sustain momentum above the 2.30 USDT level, CVX is now testing the 24-hour low of 2.148 USDT. Breaking below this level could indicate further bearish pressure.
Key Levels to Monitor Closely:
* Support: The current 24-hour low of 2.148 USDT is a crucial support level. A break below this might lead to a test of lower levels.
* Resistance: The recent high of 2.269 USDT will act as the immediate resistance for any potential short-term bounce.
What's your perspective on $CVX ? Do you anticipate a bounce from the current support, or do you foresee further decline?
Let's share your analysis and trade with caution!
