$CL /USDT 4-hour top divergence, a bearish ambush or a bullish trap?



$CL /USDT - Short SHORT

Trade Plan:
Entry: 72.11 – 72.35
SL: 73.40
TP1: 71.36
TP2: 70.77
TP3: 69.90

Why focus on this structure?
- 15-minute RSI is as high as 76.62, a clear short-term overbought signal, with an urgent need for a pullback.
- The 4-hour EMA is flattening, trending bearish, and the daily level is range-bound, with the upper resistance at 72.23 tested multiple times without breaking.
- Current entry reference price is 72.23, stop loss at 73.40, risk-reward ratio is close to 1:2, TP1 at 71.36, with clear room.

Discussion:
Will it first drop to TP1 and then rally, or directly lure longs and squeeze shorts? Which direction do you choose?
CL5.47%
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