CVX started the week looking strong—gapped right through that descending resistance line from the bull flag, which had everyone thinking the uptrend would keep rolling. Looked solid on paper. But here's the thing: the bounce didn't have any real follow-through, so sellers came back in force. They systematically took out the gap, methodically pushing price back down. Classic case of buyers lacking conviction when it mattered most.
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airdrop_huntress
· 17h ago
It's that old trick again, breaking through only to fail, playing us like this every time.
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ProofOfNothing
· 17h ago
It's the same trick again, breaking the level and then reversing to sell off, retail investors have been cut again.
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WagmiWarrior
· 18h ago
Coming back with the same move? No follow-up on the breakout, selling pressure has increased again, and the buyers are just timid.
CVX started the week looking strong—gapped right through that descending resistance line from the bull flag, which had everyone thinking the uptrend would keep rolling. Looked solid on paper. But here's the thing: the bounce didn't have any real follow-through, so sellers came back in force. They systematically took out the gap, methodically pushing price back down. Classic case of buyers lacking conviction when it mattered most.