⚠️ CVXUSDT Crashes Right After Futures Listing! Here’s What Just Happened 👇
Just hours after $CVX was listed on Binance Futures, the market took a sharp nosedive. Prices plunged from $5.10 to $4.51 within minutes – a drop of nearly 12%. 😱
🔻 Why the Dump?
This is a classic case of “Buy the rumor, sell the news.” Many traders FOMO’d in before the futures launch. Once listed, large holders likely took profits or shorted heavily, triggering a chain reaction.
📉 RSI hit extreme oversold levels (~6), and volume surged temporarily, indicating panic exits.
💡 What to Watch:
• If price stays below the EMA 7 and continues weak volume, CVX could dip further.
• Look for a bounce near $4.40–4.50 support or wait for confirmation before longing again.
• Scalpers may find shorting opportunities while trend is bearish.
🧠 Lesson: Don’t blindly long just because a token is newly listed on Futures. Watch the early moves, volume, and liquidation zones.
🔁 Have you traded CVX today? Share your entry & thoughts below!
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