đ„ $CL - THE 75.00 SUPPORT DEFENSE! SWING TRADE PLAN! đ„
CL is sitting perfectly on top of the 75.00 support. This is the "make or break" level for the oil market. Here is my precise swing trade setup:
đ BULLISH BOUNCE PLAN:
đ Entry: 75.00 - 75.60 (Buy the current support test)
â TP1: 78.50 (First quick recovery zone)
đ TP2: 82.00 (Reclaiming the mid-range)
đ SL: 73.50 (Hard stop below the 74.51 low and news risk)
đ BEARISH BREAKDOWN:
If the price loses 74.50 with volume, the next support is at 72.00.
â ïž Volume Insight: With 697M+ in 24h volume, the liquidity is massive. Oil trades on global macro news (geopolitics, OPEC). Keep an eye on oil news headlines if you take this trade!
#CL #CrudeOil #BinanceSquare #SwingTrade #SupportDefense
CL is sitting perfectly on top of the 75.00 support. This is the "make or break" level for the oil market. Here is my precise swing trade setup:
đ BULLISH BOUNCE PLAN:
đ Entry: 75.00 - 75.60 (Buy the current support test)
â TP1: 78.50 (First quick recovery zone)
đ TP2: 82.00 (Reclaiming the mid-range)
đ SL: 73.50 (Hard stop below the 74.51 low and news risk)
đ BEARISH BREAKDOWN:
If the price loses 74.50 with volume, the next support is at 72.00.
â ïž Volume Insight: With 697M+ in 24h volume, the liquidity is massive. Oil trades on global macro news (geopolitics, OPEC). Keep an eye on oil news headlines if you take this trade!
#CL #CrudeOil #BinanceSquare #SwingTrade #SupportDefense