$CL /USDT 4-hour timeframe short signal—time to get off?
$CL /USDT - Short SHORT
Trading plan:
Entry: 74.14 – 74.36
SL: 75.32
TP1: 73.45
TP2: 72.91
TP3: 72.11
Why focus on this structure?
- 4-hour trend is bearish; RSI on the 15-minute chart is 56.93, not overbought yet—there’s still downside room.
- Entry reference 74.25, TP1 73.45, TP2 72.91, SL 75.32, reward-to-risk about 1:2.
- 1D range-bound consolidation; bearish win rate is 55%, waiting for breakout confirmation.
Discussion:
Will this move reach TP2 at 72.91 first, or is it a bull trap rebound? See you in the comments!