$CL /USDT’s 69.27 - trap or starting point?



CL_USDT - Sell SHORT

Trading Plan:
Entry: 69.19 – 69.35
SL: 70.03
TP1: 68.70
TP2: 68.32
TP3: 67.75

Why pay attention to this structure?
- The 4-hour bearish signal has been activated; the 15-minute RSI 63.95 is in the overbought zone, increasing the risk of a short-term pullback.
- The current price is 69.27; the EMA support is fragile. Once it breaks below 69.19, the bears’ target points directly at TP1 68.70.
- Why now? The 1-day trend is ranging; the long vs. short battle is heating up. 69.74 is the key bear stop-loss level.

Discussion:
In this leg of the short, will it first reach TP2 68.32, or bounce to lure longs before killing again?
CL0.64%
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