2026-01-08 02:32:31

Recently, I've been watching the crude oil trend, and January 7th was indeed an exciting day. The price started at 56.95 at the open, surged all the way up to 57.11 but was pushed back down, then sharply dropped to 55.77, scaring out many long positions. It was then pulled back up to touch 57.18, but near the close, it lacked the strength to go higher, finally settling at 56.39.

This candlestick's lower shadow is particularly long, essentially indicating a fierce battle between bulls and bears. The closing price fell below the 5-day moving average, showing that the bears are currently in control.

Volume-wise, it's quite interesting—yesterday, 352,400 lots were traded, compared to 264,800 lots the day before, an increase of 33%. What does this mean? The 57-dollar level shows significant disagreement; some are dumping at high levels, others are accumulating at low levels, making market sentiment quite intense.

**From a trading perspective**

My current view is that the resistance around 57 dollars is still quite strong. If you want to short, consider entering around the 56.9 to 57.1 range, with a stop-loss above 57.3 (just above yesterday's high of 57.18 to prevent false breakouts).

How should the lower targets be set? The first target is 56.3, which is yesterday's closing price and corresponds to the previous consolidation zone. If 56.3 breaks, the second target is 55.7, yesterday's lowest point and the upper boundary of that critical support zone. If the price drops further and breaks the 55.3 to 55.0 range, be prepared for a possible acceleration down to the deeper support zone of 52.5 to 53.0.

**But risk management is crucial**

If 57.3 is effectively broken and the price stabilizes above it, it indicates that short-term resistance is gone, and short positions should be stopped out immediately. In this case, watch out for a rebound that could push the price to between 58.39 and 58.50 (where the 50-day moving average is also pressing down).

Conversely, if the price stabilizes with increased volume in the 55.0 to 55.3 range (volume increases by over 30%, and the price starts rising), consider a light long position, targeting 57.0 to 57.3, with a stop-loss below 54.8.

Honestly, in this kind of situation where both sides have opportunities, the key is to wait for a clear signal from the price; otherwise, you risk getting caught in the middle.

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FlashLoanLarry

· 20h ago

ngl that volume spike into 57 screams classic liquidity grab... dude's basically mapping out the exact stop hunt setup. 33% increase on conflicting signals? that's just mev on traditional markets lol. the real alpha was probably already extracted yesterday tbh

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GlueGuy

· 21h ago

This line at 57 really can't hold up anymore, the bulls and bears are tearing each other apart --- A long lower shadow tells the story, a typical trap --- Trading volume surged by 33%, indicating the main force is lurking here. I need to wait for a signal before taking action --- Don't rush to buy the dip, it's easy to get caught in the middle --- Breaking 56.3 is the key, this hurdle must be defended --- With such fierce volume, there might still be hope later --- The bears finally gained momentum, but I’m not in a hurry to short --- Both sides are stuck, making it really difficult to operate --- Once 57.3 is broken, I have to run; fake breakouts are too risky --- It feels like this wave is the main force shaking out the weak, be patient and wait for a clear signal

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BlockchainTherapist

· 01-08 17:47

This hurdle of 57 still can't be overcome, just wait for the signal.

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BearMarketBuilder

· 01-08 03:02

57 this hurdle is really too torturous, neither bulls nor bears are gaining an advantage --- The lower shadow is so long, indicating that the bottom is testing the support. I prefer to wait for a signal before acting --- Trading volume surged by 33%, with such a big divergence, be careful of being trapped --- If 56.3 doesn't hold, heading straight to 55.7 feels certain, a shorting opportunity is here --- I think it's better to wait and see now, don't rush to get in, getting stopped out is too painful --- If this wave can't break 57.3, then there will be pressure at the rebound of 58.5. Both bullish and bearish opportunities are indeed present --- The bulls are a bit uncertain right now, wait for a stabilization signal, don't blindly catch the bottom --- Basically, it's a range-bound game, whoever clarifies the direction first wins. I'm still observing

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WealthCoffee

· 01-08 02:59

This hurdle of 57 is indeed a bit tough, no wonder trading volume surged, and both bulls and bears are not convinced.

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GateUser-1a2ed0b9

· 01-08 02:59

57 this hurdle really blocks people, both bulls and bears want to win. --- Trading volume surged by 33%, this wave is indeed intense, feels like a palace drama haha. --- Such a long lower shadow made me nervous, probably quite a few stop-losses were triggered. --- Waiting for a signal? I’m the type who can’t wait, easily caught in the middle. --- From 56.3 to 55.7, I feel comfortable watching, the target is clear. --- A stop-loss at 57.3 still feels a bit tight, give myself more breathing room. --- 33% volume indicates this is truly a watershed, if you bet right, it’s awesome; if you bet wrong, you get peeled.

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ExpectationFarmer

· 01-08 02:56

57 dollars is indeed a tough level, with both bulls and bears arguing back and forth. Yesterday's candlestick had a very long lower shadow, indicating that someone was absorbing sell orders below, but there was also significant resistance above, so it feels like we might see some more fluctuations. The trading volume surged by 33%, which is quite intense. Such a divergence often signals that a breakout is imminent. We still need to wait for a clear signal and avoid getting caught in the middle—that would be really frustrating. I'm thinking of watching around 56.3; if it breaks below, I’ll follow the short trend. But the risk must be carefully calculated. Once it stabilizes above 57.3, I’ll need to exit quickly—no holding on at high levels.

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DefiOldTrickster

· 01-08 02:48

Oh wow, this 57 hurdle is really a trap set by a master. Yesterday's trading volume surged by 33%, with bulls and bears fighting for survival there. My old bones are starting to ache just watching.

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SignatureVerifier

· 01-08 02:40

tbh the 33% volume spike at 57 screams insufficient price discovery... classic market behavior when nobody's quite sure what the hell is actually fair value. that long lower wick though? textbook validation rejection pattern, statistically improbable without serious institutional positioning underneath.

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