USOIL, is breaking out?

USOIL / 4H

Hello Traders, welcome back to another market breakdown.

USOIL is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pull-back to the previous daily range.

If the pullback holds and buying confirms, the next leg higher could target:

First Resistance: Immediate levels formed during prior consolidation.
Last swing high

Stay disciplined, wait for the market to come to you, and trade with confidence!

Trade safely,
Trader Leo