🔥 $CLO Breaking Out a Bit, But Flows Are Sketchy
It just had a nice +10% pump in 24h with a big green candle that engulfed the previous one, and volume spiked to 193M on that move – that's the kind of volume that screams real buyers stepping in hard.
Quick chart vibes: That big green candle on the daily totally engulfed the previous one – classic bullish engulfing, and the volume behind it was solid.Indicators are flipping bullish: KDJ is looking strong, and MACD is just about to cross up. Funding rates positive, which helps the bulls too.
*But here's the catch $CLO : Futures flows are super negative – big outflows across 1h (-614k), 24h (-749k), even 7D (-2M+). Price pumps while smart money is exiting? That's a classic divergence. Feels like this rally might be more short-covering than fresh longs piling in. So yeah, caution is key.
*My plan $CLO : Cautiously bullish – not jumping in blind.
-Best entry: I'd wait for a pullback to retest the MA5 around 0.24 or even the MA10 near 0.221 – that's my sweet spot to buy if the selling chills out a bit.
- More aggressive move: If price breaks and actually holds above the MA20 at 0.2676 and then pushes past R1 at 0.2868 with good volume behind it, I might jump in there – but yeah, that's riskier for sure.
- Stop-loss: buy near 0.24 → stop around 0.231 (below 24h low). If entering on breakout, stop below MA120 (~0.256).
- Targets: First at Resistance 0.2868,, then next resistance 0.3175 if it runs.
This could be the start of a reversal, but the outflows make me think it's fragile. Small size, tight stops, and wait for confirmation. Real move or fakeout?
#Clo #CLOUSDT #YeiFinance