Trade Setup – BUY WTI Crude Oil (USOIL)

✅ Trade Setup – BUY WTI Crude Oil (USOIL)
📅 Date: July 2–3, 2025
🕒 Timeframe: 1H

🎯 Trade Parameters:
Buy Zone (Entry): 65.00 – 64.90 USD/barrel

Stop Loss (SL): 64.55 USD (below rising trendline and lower Bollinger Band)

Take Profit (TP):
• TP1: 66.50 USD
• TP2: 67.00 USD

📊 Technical Analysis Highlights:
Rising trendline from June 24 continues to hold, forming a solid support area around 64.9–65.0.

Bollinger Bands are narrowing, indicating potential volatility expansion. Price is consolidating near the mid-band (MA20), often a precursor to bullish breakout.

Volume shows signs of accumulation around the trendline, suggesting buying interest at key support.

Multiple rejections from 64.90 without breakdown reinforces this level as near-term support.

🧭 Strategy Notes:
Enter on price pullback to the 65.00–64.90 zone with confirmation (e.g. bullish pin bar, engulfing pattern, volume spike).

Suggested position management:
• Take 50% profit at 66.50
• Hold the remaining 50% toward 67.00 if momentum is strong.

If price breaks below 64.55 with strong volume, exit the trade to preserve capital.

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