CLUSDT โ 1H Analysis ๐
Price is currently trading around 94.20, sitting between a clear support and resistance range.
The main resistance is around 96.20โ96.50, where we have a supply zone combined with the descending trendline. Price has already reacted strongly from this area, so Iโll be watching this zone closely.
$CL My main scenario is for price to push higher toward 96.20โ96.50, take liquidity around the resistance, and then show a bearish rejection.
If we get a clear rejection from this zone, the downside levels Iโll be watching are:
94.00 โ first reaction area
92.00โ92.20 โ major demand/support
91.00 โ deeper downside target if 92 breaks
The bullish scenario would only become stronger if price breaks and holds above 96.50, especially with a clean 1H close above the descending trendline.
Plan:
Push into resistance โ liquidity grab/rejection โ bearish continuation โ 92.00 โ 91.00
Invalidation: Clean breakout and acceptance above 96.50.
Not financial advice. KaPs.
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