The ZEC setup shared earlier played out successfully, and this move delivered a fairly steady profit. The silence before a breakout is often the ultimate test of patience. The four-hour structure at $CL is now showing signs of confirmation. After repeatedly testing the lower end of the range, the price has held firm. Volume has contracted in a measured way, suggesting that selling pressure is being gradually absorbed rather than accelerating.
This kind of low-volume sideways movement typically appears on the eve of a directional move. As long as key support holds, the odds of an upward recovery are clearly better than those of a further decline. I’m more inclined to view the pullback as an opportunity for bulls to build positions, rather than evidence that the trend is weakening.
🟢 Trade direction: Long
📍 Entry range: 932.3 – 91.03
🛑 Stop loss: 90.03
🎯 Take profit 1: 95.03
🎯 Take profit 2: 97.03
Gaze upon the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#CL
Click below to trade 👇
This kind of low-volume sideways movement typically appears on the eve of a directional move. As long as key support holds, the odds of an upward recovery are clearly better than those of a further decline. I’m more inclined to view the pullback as an opportunity for bulls to build positions, rather than evidence that the trend is weakening.
🟢 Trade direction: Long
📍 Entry range: 932.3 – 91.03
🛑 Stop loss: 90.03
🎯 Take profit 1: 95.03
🎯 Take profit 2: 97.03
Gaze upon the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#CL
Click below to trade 👇