CL LONG SETUP – RECOVERY OPPORTUNITY
Family, $CL is showing signs of a potential recovery after a sharp correction from the $100+ zone.
The price is currently trading around $91.65 after bouncing from the $88.69 support area. Buyers are attempting to regain momentum, and I’m watching closely to see whether this recovery can continue.
The key level to watch is $92.50. A breakout above this resistance, followed by a successful retest, could open the door toward higher targets.
LONG TRADE SETUP
Entry Zone: $91.00–$92.00
TP1: $93.00
TP2: $95.00
TP3: $97.50
TP4: $100.00
TP5: $102.00
Stop Loss: $88.50
Trade Plan:
If price holds the current support and buyers regain control, we could see a gradual move toward the upside targets. A confirmed breakout above $92.50 would provide additional confirmation.
However, if CL loses the $88.69 support zone, the bullish setup may weaken, so risk management is essential.
Family, don't chase the move blindly. Wait for confirmation, follow your own trading plan, and protect your capital.
These are potential targets, not guaranteed outcomes. Trade responsibly.
DYOR.
Family, $CL is showing signs of a potential recovery after a sharp correction from the $100+ zone.
The price is currently trading around $91.65 after bouncing from the $88.69 support area. Buyers are attempting to regain momentum, and I’m watching closely to see whether this recovery can continue.
The key level to watch is $92.50. A breakout above this resistance, followed by a successful retest, could open the door toward higher targets.
LONG TRADE SETUP
Entry Zone: $91.00–$92.00
TP1: $93.00
TP2: $95.00
TP3: $97.50
TP4: $100.00
TP5: $102.00
Stop Loss: $88.50
Trade Plan:
If price holds the current support and buyers regain control, we could see a gradual move toward the upside targets. A confirmed breakout above $92.50 would provide additional confirmation.
However, if CL loses the $88.69 support zone, the bullish setup may weaken, so risk management is essential.
Family, don't chase the move blindly. Wait for confirmation, follow your own trading plan, and protect your capital.
These are potential targets, not guaranteed outcomes. Trade responsibly.
DYOR.
