In this latest drop, many people still haven’t reacted yet—$CL has already broken the rhythm of the longs at the highs.

Earlier, I was watching the 101.27 area. Price stayed around there for quite some time, but it never managed to deliver a valid breakout. Most people see it trading sideways and want to chase longs, but I actually think this zone is dangerous, because the sell pressure overhead has been persistent and the bids can’t hold—its structure has clearly changed.

Shorts from 101.27 to the current price 74.35 are up +2470.13% so far. This leg of the move has extended noticeably. Put simply, this isn’t a sudden drop: it’s because the key level was built up for too long, and once that key level breaks, the room for volatility opens up immediately.

Now that the profit has already materialized, if your position is heavy, you can consider closing 80% first. Use the remaining 20% to hold at your protection level, so the advantage you’ve already secured doesn’t turn into a passive situation. There will definitely be pullbacks during the day—but the key is not to get thrown off by a single bullish candle.

Don’t chase if you missed it—wait for the next opportunity.

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