CL longs beware — 74.22 may be a fake-out trap.



$CL /USDT — SHORT

Trade Plan:
Entry: 74.03 – 74.41
SL: 76.04
TP1: 72.85
TP2: 71.94
TP3: 70.58

Why this structure?
- 4H direction is clearly SHORT, RSI 15m only 44.39, weak bounce.
- Price is currently hugging the 1h EMA (74.22), but the 1D trend remains range-bound; shorting from higher levels is safer.
- Stop loss 76.04, risk-reward ratio 1:2.5, clear downside room.

Discussion:
Will it first hit TP1 at 72.85, or pump to 74.41 before dropping?
CL2.55%
View Original
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