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Everyone is bullish on $CL /USDT, but the 4h chart just printed a trap signal.
$CL /USDT - SHORT
Trade Plan:
Entry: 70.85 – 71.05
SL: 71.93
TP1: 70.22
TP2: 69.73
TP3: 68.99
Why this setup?
RSI on 15m is at 61.98—overbought in a range. ATR is tight at 0.408, suggesting a squeeze. TP1 at 70.22 is 1% away, but the real play is the breakdown to 69.73. The 55% confidence isn't screaming, but the setup is.
Debate:
Are you shorting the range top or waiting for confirmation below 70.85?