$CL : Buyers are overwhelming the market—short sellers, stop fooling yourselves! Active buying accounts for 58.1%, and open interest has surged 13.48% in 7 hours. With both volume and price rising, this is a textbook breakout acceleration phase!
Structurally, there have been 5 consecutive 4h bullish candles, and the price is holding firmly above MA20 as it moves higher. Any pullback is an opportunity to get in. Honestly, shorting this kind of market means making money through luck and giving it back through incompetence!
Trading plan: Enter directly on a pullback to 93.0. First target: 97.2; second target: 101.5. Stop-loss: 88.8. That’s a risk-reward ratio of over 4:1—hold your position and don’t let go!
Structurally, there have been 5 consecutive 4h bullish candles, and the price is holding firmly above MA20 as it moves higher. Any pullback is an opportunity to get in. Honestly, shorting this kind of market means making money through luck and giving it back through incompetence!
Trading plan: Enter directly on a pullback to 93.0. First target: 97.2; second target: 101.5. Stop-loss: 88.8. That’s a risk-reward ratio of over 4:1—hold your position and don’t let go!