I don’t know how many of you remember the earlier post I made on oil. I mentioned a move towards $109 before a possible drop to around $83. Fast forward to now… price pushed up to about $105 and started reacting from there. That reaction is not random.
Looking at how price is behaving currently, the bearish bias still looks very much in play.
And just to be clear, this isn’t me trying to say “I was right.” It’s more about highlighting something important a lot of traders overlook… Most times, fundamentals won’t tell you when the market is about to move. They give context, but price (TA) is what actually shows you the reaction in real time.
That move to $105 and rejection? That’s price respecting a zone, not news, not predictions. I took the trade, secured what I could, and I’m currently out. If price sets up again, I’ll take it again and currently having that Bitget WeStay protection as a VIP holder makes even more relaxing for any loss that's to come
At the end of the day, it’s about reacting to what the market shows you, not forcing a bias.
Looking at how price is behaving currently, the bearish bias still looks very much in play.
And just to be clear, this isn’t me trying to say “I was right.” It’s more about highlighting something important a lot of traders overlook… Most times, fundamentals won’t tell you when the market is about to move. They give context, but price (TA) is what actually shows you the reaction in real time.
That move to $105 and rejection? That’s price respecting a zone, not news, not predictions. I took the trade, secured what I could, and I’m currently out. If price sets up again, I’ll take it again and currently having that Bitget WeStay protection as a VIP holder makes even more relaxing for any loss that's to come
At the end of the day, it’s about reacting to what the market shows you, not forcing a bias.
