Real momentum often emerges after confirmation. The price action of $CL today provided a confirmation signal: after breaking below trendline support, it failed to make a meaningful recovery. We need to face this change head-on.
The rebound came on declining volume while the sell-off came on rising volume, showing a clear bearish bias. Overhead resistance is stacked layer upon layer. Given this structure, I’m more inclined to follow the trend and look for a move lower. There seems to be more downside room than upside potential, so patience is key—just wait for confirmation.
🔴 Trade direction: Short
📍 Entry range: 90.02 – 88.02
🛑 Stop loss: 94.02
🎯 Take profit 1: 86.02
🎯 Take profit 2: 84.02
🎯 Take profit 3: 82.02
🎯 Take profit 4: 80.02
Still waters run deep, holding foresight within;
Through market ups and downs, stay calm and composed.
Stand with Sister Fei and read the rising tides of wealth.
#CL
Click below to trade 👇
The rebound came on declining volume while the sell-off came on rising volume, showing a clear bearish bias. Overhead resistance is stacked layer upon layer. Given this structure, I’m more inclined to follow the trend and look for a move lower. There seems to be more downside room than upside potential, so patience is key—just wait for confirmation.
🔴 Trade direction: Short
📍 Entry range: 90.02 – 88.02
🛑 Stop loss: 94.02
🎯 Take profit 1: 86.02
🎯 Take profit 2: 84.02
🎯 Take profit 3: 82.02
🎯 Take profit 4: 80.02
Still waters run deep, holding foresight within;
Through market ups and downs, stay calm and composed.
Stand with Sister Fei and read the rising tides of wealth.
#CL
Click below to trade 👇