$CVX (4h) — Descent into the Bearish Abyss
The market dons its armor of relentless selling pressure, driving $CVX into a relentless downward spiral. Will the bears tighten their grip or will a surprise counterattack send waves of resistance crashing?
Beneath the surface, $CVX battles in a bearish current, trading below the recent swing’s equilibrium. Support lurks near 1.698, but sellers stand ready atop the 2.037-2.046 resistance ridge to halt any bullish surge. A reclaim above 2.037 with clear bullish momentum would signal a shift, yet until then, the battlefield favors short positions aiming lower. Caution reigns as the price continues to test its limits. This glimpse hides the decisive moves. Unlock the complete strategy with the Finora Telegram bot.
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