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Everyone’s buying the dip on $CL /USDT—I just spotted the trap.
$CL /USDT - SHORT
Trade Plan:
Entry: 69.76 – 70.00
SL: 71.00
TP1: 69.04
TP2: 68.48
TP3: 67.64
Why this setup?
RSI on 15m is 34.54 (oversold), but the 1D trend is range, not bullish. Short bias armed with 55.4 confidence. Entry at 69.88 with tight SL at 71.00 means risk is controlled. Why now? The 4h timeframe aligns for a breakdown below 69.04 TP1—range fading works when volume confirms.
Debate:
Is 69.04 your short target or a fakeout before a squeeze?