$CL /USDT Short Ambush on 4H Level, Are Retail Traders Still Chasing Longs?
$CL /USDT - SHORT
Trade Plan:
Entry: 69.18 – 69.36
SL: 70.11
TP1: 68.64
TP2: 68.21
TP3: 67.58
Why Focus on This Structure?
- Current price 69.27, at the 4-hour EMA resistance, RSI (15m) at 49.44, momentum is weak.
- 1-day trend is a consolidation range, but short-term structure leans bearish, entry reference 69.18-69.36.
- Why now? If it breaks below 69.18, TP1 68.64 and TP2 68.21 are previous supports, risk-reward ratio about 1:2.5.
Discussion:
Will this wave reach TP2 68.21 first, or fake breakdown and rebound? What'