Most traders are blind to this $CL /USDT setup—it’s a 55% confidence trap or treasure.



$CL /USDT - SHORT

Trade Plan:
Entry: 68.28 – 68.44
SL: 69.17
TP1: 67.75
TP2: 67.35
TP3: 66.74

Why this setup?
Why now? RSI on 15m sits at 44.87—below neutral, no bounce yet. 1h ATR is tight at 0.337, signaling low volatility often precedes a breakout. 4h MTF confirms SHORT bias, but 1D trend is range—so this isn’t a trend trade, it’s a scalp. Entry at 68.36 with TP1 at 67.75 offers a quick 0.9% move before resistance.

Debate:
Is this short a dead cat bounce or the start of a cascade to 66.74?
CL-0.42%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned