I’m spotting a potential Cup formation on the 30-min chart of WTI Crude Oil (USOILSPC), backed by strong volume profile zones. The price has recently pulled back to a low-volume area and is now consolidating with higher lows forming the right side of the cup.
A break above the $60.60–$60.80 zone could trigger bullish continuation toward $64+, with strong support seen around the $59–$59.30 range (volume shelf).
Setup Details:
• Pattern: Cup (early stage)
• Entry idea: Break & retest above $60.60
• TP: $64.00
• SL: Below $58.90
• Volume profile confirms accumulation near the lows
Watching closely for confirmation before adding more size. This is part of a low-risk entry using a funded account model.
#CrudeOil #WTI #VolumeProfile #CupFormation #BreakoutTrade #SmartMoneyConcepts
A break above the $60.60–$60.80 zone could trigger bullish continuation toward $64+, with strong support seen around the $59–$59.30 range (volume shelf).
Setup Details:
• Pattern: Cup (early stage)
• Entry idea: Break & retest above $60.60
• TP: $64.00
• SL: Below $58.90
• Volume profile confirms accumulation near the lows
Watching closely for confirmation before adding more size. This is part of a low-risk entry using a funded account model.
#CrudeOil #WTI #VolumeProfile #CupFormation #BreakoutTrade #SmartMoneyConcepts
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