$CVX /USDT Trade Setup - Potential Short Opportunity! 🔥💯
1️⃣ Trend Analysis: CVX/USDT shows consistent bearish momentum with lower highs and lower lows on the 30-minute chart.
2️⃣ Entry Point: Enter a short position around $5.35 for an optimal risk-reward setup.
3️⃣ Target 1 (TP1): $5.20 – Capture early profit as the price approaches key support.
4️⃣ Target 2 (TP2): $5.05 – Extend the trade for additional gains if momentum remains bearish.
5️⃣ Stop-Loss (SL): $5.45 – Place SL slightly above recent resistance to minimize risk.
6️⃣ Indicators Support: Price struggles below EMA and RSI suggests downward pressure.
7️⃣ Risk-Reward Ratio: Maintain a favorable ratio of 1:2 or better.
8️⃣ Volume Check: Monitor for an increase in selling volume for confirmation.
9️⃣ Timeframe: Trade within the next 6–12 hours for optimal execution.
🔟 Pro Tip: Trail your stop-loss after TP1 to secure profits while riding the trend!
Execute with discipline and stick to your strategy!
#BIOOpenonBinance #AIAgentFrenzy #CryptoReboundStrategy #Binance250Million #USStateBuysBTC