Two signals, the same coin. $CL 5 minutes RSI 93.6, 4-hour RSI 92.0. Double-period overbought.
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$CL 5 minutes RSI 93.6, 4-hour RSI 92.0. Double-period overbought. Current price 89.69. Up 4.83% in the last 24h.
Support 88.20 86.70. Resistance 89.83 92.00.
Fee -0.015%. Shorts are paying. The price keeps climbing—shorts haven’t covered.
Current price 89.69. Bias: bearish. Entry zone 89.50-90.50. Stop loss 91.80. Targets 87.00 / 84.50. Risk-reward ratio about 1:2.6.
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My take: with the 4-hour RSI at 92, this rally is too fast. It surged from 83 to 89 with almost no pullback in between. The fee is still negative, meaning the shorts have been continuously bearing it. This kind of structure can easily trigger repeated liquidation cascades. I’m not chasing longs—I’ll wait for a pullback.
Locked on.
If you need a strategy customized, you can find Nini.
#CL #Cluster #超买 #RSI
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$CL 5 minutes RSI 93.6, 4-hour RSI 92.0. Double-period overbought. Current price 89.69. Up 4.83% in the last 24h.
Support 88.20 86.70. Resistance 89.83 92.00.
Fee -0.015%. Shorts are paying. The price keeps climbing—shorts haven’t covered.
Current price 89.69. Bias: bearish. Entry zone 89.50-90.50. Stop loss 91.80. Targets 87.00 / 84.50. Risk-reward ratio about 1:2.6.
---
My take: with the 4-hour RSI at 92, this rally is too fast. It surged from 83 to 89 with almost no pullback in between. The fee is still negative, meaning the shorts have been continuously bearing it. This kind of structure can easily trigger repeated liquidation cascades. I’m not chasing longs—I’ll wait for a pullback.
Locked on.
If you need a strategy customized, you can find Nini.
#CL #Cluster #超买 #RSI