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The spot I was watching up front finally has an answer today. This round of pullback in $CL didn’t happen suddenly—pressure at the highs has already been written into the chart long ago. It’s just that many people are still stuck in hopes for a rebound and don’t want to admit that the buying momentum has already weakened.
What I’m watching is 101.27. As long as this level is held down, the short-sell logic still holds. After that, every time the price bounces back upward, it gets knocked back down—this shows that the sell pressure above hasn’t dispersed. The real change is that the key level has begun to be refreshed again and again. This level is crucial. Once the direction is clear, don’t let a small rebound scare you out, and don’t add to your position recklessly before confirmation.
The current price is already at 78.36, and the unrealized position profit shows +2102.96%, with the move extending clearly. After you take the profit, stay calm. If your position size is heavy, you can do it in an 80/20 split and scale out in batches—first secure the results, and keep the remaining portion with a protective level, following the inertia, so you don’t turn a good trade into an emotional one.
If you didn’t catch it, don’t chase the plunge. The more you try to make up for it, the easier it is to get thrown off. Don’t chase—wait for the next opportunity.
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