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Everyone’s long on $CL /USDT—but the 4h chart just whispered a trap.
$CL /USDT - SHORT
Trade Plan:
Entry: 71.6 – 71.8
SL: 73.1
TP1: 70.7
TP2: 70.0
TP3: 68.9
Why this setup?
- RSI on 15m is overheated at 75, screaming for a mean reversion.
- 4h bias is SHORT with 55% confidence, and 1D trend is range-bound, not bullish.
- Entry zone at 71.7 targets TP1 70.7—a clean 1% drop before any squeeze.
Debate:
Are you fading the 15m RSI spike, or waiting for the breakout above 73.1?