$CL /USDT 77.72 short positions set up, the RSI 15m overbought signal has already lit up.



$CL /USDT - Go SHORT (short sell)

Trading plan:
Entry: 77.53 – 77.91
SL: 80.08
TP1: 75.95
TP2: 74.77
TP3: 73.01

Why focus on this setup?
- 4-hour level bearish signal; RSI 15m is in the overbought zone at 75.45, and a short-term pullback is clearly needed.
- 1D trend is ranging; the short entry point 77.72 is right at resistance; TP1 75.95 is 2.3% away from the current price.
- ATR 1h is 0.755; volatility is moderate. SL at 80.08 is set above a key level, with a risk-reward ratio of 4.5:1.

Discussion:
Will this move reach TP1 75.95 first, or will it fake up and run through the SL before dropping?
CL7.11%
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