WTIUSD: Bearish Drop to 54.66?As the previous analysis worked exactly as predicted, CFI:WTI is eyeing a bearish continuation on the 4-hour chart , with price testing resistance after lower highs in a downward channel, converging with a potential entry zone that could spark downside momentum if sellers defend amid recent volatility. This setup suggests a pullback opportunity in the downtrend, targeting lower support levels with approximately 1:4 risk-reward .🔥
Entry between 56.94–57.22 for a short position (entry from current price with proper risk management is recommended). Target at 54.66 . Set a stop loss at a daily close above 57.5 , yielding a risk-reward ratio of approximately 1:4 . Monitor for confirmation via a bearish candle close below entry with rising volume, leveraging oil's volatility in the channel.🌟
📝 Trade Setup
🎯 Entry (Short):
56.94 – 57.22
(Entry from current price is valid with proper risk & position sizing.)
🎯 Target:
• 54.66
❌ Stop Loss:
• Daily close above 57.50
⚖️ Risk-to-Reward:
• ~ 1:4
⚠️ This analysis is the request of one of my followers .
💡 Your view?
Does WTI roll over toward 54.66, or do buyers attempt another squeeze above channel resistance? 👇
