$CL — Shorts Forced Out at $88.66
$CL recorded a $2.65K short liquidation at $88.66 on Binance. Buyers pushed price high enough to force leveraged shorts out, suggesting short-term upside pressure around $88.66. This level is now a key pivot; holding above it could support continuation while rejection may send price back toward nearby liquidity.
Trading Setup
Entry: $88.30-$88.70
Target 1: $89.50
Target 2: $90.50
Target 3: $92.00
Stop Loss: $87.40
Support: $87.40-$88.30
Resistance: $89.50-$90.50
Risk Management: Avoid chasing the move immediately after the short liquidation. A clean hold above $88.66 would strengthen the setup, while losing $87.40 would invalidate it.
Disclaimer: This is market analysis, not financial advice; manage your risk and trade with your own research.
#ARBRises30%OnRobinhoodChainRevenue #Japan10YYieldHits3%FirstSince1996 #WTIOilRisesAsOpenInterestShrinks #EtherETFsExtendInflowStreakTo11Days
$CL recorded a $2.65K short liquidation at $88.66 on Binance. Buyers pushed price high enough to force leveraged shorts out, suggesting short-term upside pressure around $88.66. This level is now a key pivot; holding above it could support continuation while rejection may send price back toward nearby liquidity.
Trading Setup
Entry: $88.30-$88.70
Target 1: $89.50
Target 2: $90.50
Target 3: $92.00
Stop Loss: $87.40
Support: $87.40-$88.30
Resistance: $89.50-$90.50
Risk Management: Avoid chasing the move immediately after the short liquidation. A clean hold above $88.66 would strengthen the setup, while losing $87.40 would invalidate it.
Disclaimer: This is market analysis, not financial advice; manage your risk and trade with your own research.
#ARBRises30%OnRobinhoodChainRevenue #Japan10YYieldHits3%FirstSince1996 #WTIOilRisesAsOpenInterestShrinks #EtherETFsExtendInflowStreakTo11Days