$CVX — SHORT
Entry: 2.430 - 2.440 - rejection zone
TP1: 2.380
TP2: 2.340
TP3: 2.300 - support retest
SL: 2.490 - above 24h High
Analysis:
+18.05% today. Pump from 1.986 → 2.490. Currently at 2.420 consolidating under 24h High.
On the 15m: double top at 2.490 + red candles = rejection. Volume spiked on the pump and is now dropping. Higher lows are still intact: 2.200 → 2.300 → 2.380, but momentum is slowing. If 2.400 breaks we see 2.380 → 2.340.
Risk: Invalidated on a 15m close above SL 2.490.
If 2.490 breaks and holds, cancel SHORT and target long to 2.520 → 2.550.
10.73M USDT volume. Mid-cap so wicks won't be as crazy. Keep size medium. Take 50% at TP1, move SL to BE.
NFA $CVX
Entry: 2.430 - 2.440 - rejection zone
TP1: 2.380
TP2: 2.340
TP3: 2.300 - support retest
SL: 2.490 - above 24h High
Analysis:
+18.05% today. Pump from 1.986 → 2.490. Currently at 2.420 consolidating under 24h High.
On the 15m: double top at 2.490 + red candles = rejection. Volume spiked on the pump and is now dropping. Higher lows are still intact: 2.200 → 2.300 → 2.380, but momentum is slowing. If 2.400 breaks we see 2.380 → 2.340.
Risk: Invalidated on a 15m close above SL 2.490.
If 2.490 breaks and holds, cancel SHORT and target long to 2.520 → 2.550.
10.73M USDT volume. Mid-cap so wicks won't be as crazy. Keep size medium. Take 50% at TP1, move SL to BE.
NFA $CVX