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Everyone’s buying the hype—but $CL /USDT just hit RSI 39 on the 15m.
$CL /USDT - LONG
Trade Plan:
Entry: 76.84 – 77.14
SL: 75.13
TP1: 78.38
TP2: 79.31
TP3: 80.70
Why this setup?
We’re in a 4h long setup with 77% confidence, but the 15m RSI is oversold at 39.92—that’s a classic trap zone. Range-bound 1D trend means no breakout yet. Entry at 76.99 with TP1 at 78.38 gives risk/reward of 1:2.3 if you wait for confirmation.
Debate:
Is this a dead cat bounce or the start of a 3-wave rally to 80.70?