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$CL /USDT 4H short positions are secretly set up—who is quietly adding to the position?
$CL /USDT - Short SHORT
Trading plan:
Entry: 71.14 – 71.48
SL: 72.99
TP1: 70.05
TP2: 69.22
TP3: 67.96
Why watch this structure?
- RSI on the 15-minute chart has fallen below 40; short-term momentum is exhausted, and the 4H short signal is confirmed.
- The daily chart is still ranging, but the 1H EMA cross is bearish; with weak rebounds, this is a short opportunity.
- Current price is 71.31; TP1 is only 1.2% away, with a risk-reward ratio of 3:1.
Discussion:
Will this move first drop to 70.05, or is it a fakeout to trigger a rebound? Which side are you on?