To be honest, seeing $CLO grind around near 0.15 like this tells me that many people are still waiting for a breakout to chase. But the order book says otherwise: every time it’s pushed up, it gets slammed back down. The main force doesn’t let you get comfortable and run. In this kind of situation, don’t get emotional—I actually think this is a good opportunity for a bearish (short) setup.
The rebound is getting weaker and weaker. It’s riding along the 5-day line and pressing downward. The volume-price divergence is already very clear. I don’t believe it will suddenly break out with big volume; I’m more inclined to think it will first test 0.145 to the downside. If that breaks, then it will head straight toward 0.13. Follow the chart, don’t follow your emotions.
🔴 Trade Direction: Short
📍 Entry Range: 0.150 – 0.153
🛑 Stop Loss: 0.162
🎯 Take Profit 1: 0.145
🎯 Take Profit 2: 0.138
🎯 Take Profit 3: 0.130
$CLO
Click below to trade👇👇👇
The rebound is getting weaker and weaker. It’s riding along the 5-day line and pressing downward. The volume-price divergence is already very clear. I don’t believe it will suddenly break out with big volume; I’m more inclined to think it will first test 0.145 to the downside. If that breaks, then it will head straight toward 0.13. Follow the chart, don’t follow your emotions.
🔴 Trade Direction: Short
📍 Entry Range: 0.150 – 0.153
🛑 Stop Loss: 0.162
🎯 Take Profit 1: 0.145
🎯 Take Profit 2: 0.138
🎯 Take Profit 3: 0.130
$CLO
Click below to trade👇👇👇