Oil built a floor. SOL and US are still fighting their lows... 🛢️
Crude stopped dropping and is trying to climb.
It looks like a double bottom on the 4h chart.
Meanwhile, crypto alts are stuck.
Buyers are missing, so the trend stays heavy.
$CL is 90.63, about 7% below its 97.24 swing high. 4h RSI is 65.
$SOL is 89.20, just above its 88.24 swing low. 1h RSI is 47. 🙄
$US is 0.004339, testing its 0.004334 swing low. 1h RSI is 27.
Bias: WAIT on SOL. Above 97.08 I lean long. Under 88.24 I lean short. 🧭
Crude: I lean long if it holds 90. I'm wrong under 86.69. Target is 97.24.
US: Under 0.004334 I lean short. Above 0.005118 I lean long. Don't chase it here.
These are perps. They trade all weekend and move fast, so size matters.
Crude will react when the US market opens on Monday.
Which breaks first: 88.24 on SOL or 86.69 on oil?
Crude stopped dropping and is trying to climb.
It looks like a double bottom on the 4h chart.
Meanwhile, crypto alts are stuck.
Buyers are missing, so the trend stays heavy.
$CL is 90.63, about 7% below its 97.24 swing high. 4h RSI is 65.
$SOL is 89.20, just above its 88.24 swing low. 1h RSI is 47. 🙄
$US is 0.004339, testing its 0.004334 swing low. 1h RSI is 27.
Bias: WAIT on SOL. Above 97.08 I lean long. Under 88.24 I lean short. 🧭
Crude: I lean long if it holds 90. I'm wrong under 86.69. Target is 97.24.
US: Under 0.004334 I lean short. Above 0.005118 I lean long. Don't chase it here.
These are perps. They trade all weekend and move fast, so size matters.
Crude will react when the US market opens on Monday.
Which breaks first: 88.24 on SOL or 86.69 on oil?
