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The recent pump to $CL was mainly triggered by the collapse of US-Iran negotiations over the weekend.
Iran's demand for the US to lift oil sanctions within 30 days was outright rejected by Trump, causing market fears to surge regarding disruptions in oil transport through the Strait of Hormuz As long as the situation remains tense, oil prices are likely to rise, with $100 being the next key psychological level. Some institutions even foresee a spike to $115 if the conflict continues into Q2.
However, gaps represent risk; a ceasefire could lead to a sharp price drop.
Direction choice: Primarily look to go long in line with the trend.
Until there's a significant de-escalation, it’s wise to avoid trying to catch the top by going short on pullbacks.
For short-term plays, keep an eye on buying opportunities when the price retraces to the 95.30-96.00 range and shows signs of a bottom. Set your stop loss below 95, with an initial target at the previous high of 97.5; if we break through, then look towards the $100 area. But if the price shoots up without looking back, it’s better to stay on the sidelines and not chase the pump.
#CLARITYActMarkupNext #CoinMoveAlert
Ansvarsfriskrivning: OKX Orbit-innehåll tillhandahålls endast i informationssyfte. Läs mer
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