$CL /USDT 4H timeframe: is the short trap at 83.69 a trap or the starting point?
$CL /USDT - Short SHORT
Trading plan:
Entry: 83.56 – 83.82
SL: 85.27
TP1: 82.51
TP2: 81.72
TP3: 80.53
Why focus on this structure?
- 4H bearish signal confirmed; 77 points high confidence. RSI on 15m is 53.77, not overbought, with room for further downside.
- Daily range-bound action, but short-term EMA is suppressing price. 1h ATR 0.5 suggests volatility is controllable, suitable for precise entry.
- Current price is 83.69. TP1 82.51, risk-reward 1:3, with a clear stop loss at 85.27.
Discussion:
Will this short r

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Rising wedge breakdown!?
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A drop below and we will likely see some consolidation.
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The squeeze has only just began.
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