Are the crude oil bulls still stubbornly holding on? On a 4-hour level, bearish signals have appeared.
$CL /USDT - SHORT
Trading plan:
Entry: 83.42 – 83.60
SL: 84.40
TP1: 82.84
TP2: 82.40
TP3: 81.73
Why focus on this structure?
- RSI on the 15-minute chart is only 46.22, and momentum is weak—any short-term rebound is unlikely to last.
- The 1-hour EMA 83.51 is acting as resistance, and the 4-hour bearish structure has been confirmed.
- Targets TP1 at 82.84, TP2 at 82.40, with room opening up to the downside.
Discussion:
Will the short move hit TP2 first, or is it a stop-hunt rebound from a fak