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Everyone is buying the dip on $CL /USDT — I just opened a SHORT at 86.56.
$CL - SHORT
Trade Plan:
Entry: 86.52223 – 86.59777
SL: 87.81682
TP1: 85.61738
TP2: 84.98897
TP3: 84.04636
Why this setup?
Why now? 4h RSI at 33.65 screams oversold, but trend is range-bound, not bullish. ATR shows tight 0.52 volatility — a breakdown below 86.52 triggers TP1 at 85.61. The 85% confidence score says momentum is exhausted, not reversing.
Debate:
Are you fading the dead cat bounce or riding it up to 87.50?