The oil bulls are protecting their ground near the recent breakout zone.
I am looking at $CL USDT on the 1-hour chart and the trend is clearly leaning bullish. My plan is to look for a long entry because the market just created a new high and is now resting. I noticed a solid area of support around the $89.00 level where buyers have stepped in before.
There is a lot of liquidity sitting just above the recent peaks, and I expect the price to chase those levels next. As long as we stay above the recent low, the structure remains strong. I am keeping my risk tight and looking for a move back toward the daily highs.
Trade Plan:
Entry: $89.90
Stop Loss: $88.40
Take Profit 1: $91.40
Take Profit 2: $92.90
CLUSDT
دائم
93.02
+3.14%