[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  $Trader [@GDXTrader](/creator/twitter/GDXTrader) on x 11.4K followers Created: 2025-07-06 23:49:09 UTC $COP $COP remains in a well-defined downtrend, trading within a descending channel where the 50-day moving average is acting as dynamic resistance, aligning closely with the upper boundary of the channel. Last weekโs candle formed a bullish inside range, signaling temporary indecision and a potential pause in bearish momentum. However, this alone isnโt enough for a shift in trend. The bears remain in control as long as price holds below the 50-day and fails to break above the channel resistance. From a technical standpoint, bulls need to see a clean breakout above the descending channel, ideally with strong volume, to confirm a change in momentum and open the door for potential long entries. Until then, the setup remains a waiting game with the trend favoring continued downside or consolidation. ๐๐จ๐ฅ๐๐๐ง๐๏ธ ๐๐ฎ๐๐ฌ๐๐ซ๐ข๐๐๐ซ๐ฌ ๐๐๐ญ ๐๐๐๐๐ฌ๐ฌ ๐๐จ: โข Master Japanese candlestick strategies โข Understand key technical chart patterns โข Watch daily video reviews with tradable setups on #GOLD, #SILVER, #NATGAS, and more commodities โข Access educational content to help you build your trading plan โข Join our private trading chat room โข Get unlimited on-demand chart reviews for your own setups โข Receive real-time alerts on my personal trades Join us at Chat Room Free Trial on Discord: $XOM $CVX $PSX $MRO $HES $OXY $PXD $VLO $EOG $SU $BP $TOT  XXX engagements  **Related Topics** [trader](/topic/trader) [momentum](/topic/momentum) [bearish](/topic/bearish) [$trader](/topic/$trader) [$cop](/topic/$cop) [coins bsc](/topic/coins-bsc) [conocophillips](/topic/conocophillips) [stocks energy](/topic/stocks-energy) [Post Link](https://x.com/GDXTrader/status/1942007943672770932)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
$Trader @GDXTrader on x 11.4K followers
Created: 2025-07-06 23:49:09 UTC
$COP
$COP remains in a well-defined downtrend, trading within a descending channel where the 50-day moving average is acting as dynamic resistance, aligning closely with the upper boundary of the channel.
Last weekโs candle formed a bullish inside range, signaling temporary indecision and a potential pause in bearish momentum. However, this alone isnโt enough for a shift in trend.
The bears remain in control as long as price holds below the 50-day and fails to break above the channel resistance.
From a technical standpoint, bulls need to see a clean breakout above the descending channel, ideally with strong volume, to confirm a change in momentum and open the door for potential long entries.
Until then, the setup remains a waiting game with the trend favoring continued downside or consolidation.
๐๐จ๐ฅ๐๐๐ง๐๏ธ ๐๐ฎ๐๐ฌ๐๐ซ๐ข๐๐๐ซ๐ฌ ๐๐๐ญ ๐๐๐๐๐ฌ๐ฌ ๐๐จ:
โข Master Japanese candlestick strategies โข Understand key technical chart patterns โข Watch daily video reviews with tradable setups on #GOLD, #SILVER, #NATGAS, and more commodities โข Access educational content to help you build your trading plan โข Join our private trading chat room โข Get unlimited on-demand chart reviews for your own setups โข Receive real-time alerts on my personal trades
Join us at
Chat Room Free Trial on Discord:
$XOM $CVX $PSX $MRO $HES $OXY $PXD $VLO $EOG $SU $BP $TOT
XXX engagements
Related Topics trader momentum bearish $trader $cop coins bsc conocophillips stocks energy