🔴 Short Liquidation Alert — $CVXUSDT
$CVXUSDT is up +1.94% at $1.625, now testing the $1.6575 resistance level. This is a key inflection point: a breakout could squeeze shorts toward $1.706, while a rejection would likely bring price back to support.
Support: $1.5925–$1.5607
Resistance: $1.6575–$1.7060
Next Target: $1.7060, then $1.7875
A hold of $1.5925 would support a bounce to the resistance zone. However, a break below $1.5607 would open the way to $1.513 as the next bearish target. A daily close above $1.6575 would invalidate the bearish scenario and signal strength.
For now, momentum favours caution until the market confirms direction.
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