🚨 $CVX ‌ — Resistance holds again — A ready sell (Short) setup ⚡



📉 Entry zone: 1.260 – 1.280
🎯 Targets: 1.220 ← 1.150 ← 1.100
🛑 Stop loss: 1.306

The price is forming lower highs on the 30-minute chart, and every attempt to rise toward 1.280 is met with rejection as selling pressure increases. The candle wicks are getting shorter, clearly indicating that buyers are losing momentum at this level.

This zone has flipped from support to resistance, and the price structure looks clean for a downward move.

With a risk/reward ratio of 1:2 or better, this setup is considered to have good potential. Will you sell from here, or wait for a retest of the price?

⚠️ Not financial advice. Always manage your risk.

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CVX-4.69%
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mhmdqase
· 15m ago
The bullish market is in full swing 🐂
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rdfan
· 7h ago
The bull market is at its peak 🐂
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