🚨 $CLO IS SHOWING THE EXACT KIND OF RECOVERY STRUCTURE THAT OFTEN TRAPS EARLY SHORT SELLERS 👀🔥
Most traders saw the rejection from 0.1988 and assumed the rally was finished.
But the market had other plans. ⚡
After a sharp pullback, buyers stepped back in aggressively and pushed price back above the key support zone near 0.150.
That matters.
Because strong trends don't avoid corrections.
They survive them. 🐂
CLO has already delivered a massive move from 0.056 → 0.198, and despite the volatility, bulls are still defending a large portion of those gains.
Current price around 0.165 suggests accumulation rather than panic selling.
If momentum continues building, another attack on the recent high could come sooner than many expect. 🚀
💰 Trade Setup
Entry Zone: 0.160 – 0.167
🎯 TP1: 0.180
🎯 TP2: 0.200
🎯 TP3: 0.225
🛑 Stop Loss: 0.148
The key level to watch is the recent recovery base.
As long as bulls defend that area, the broader structure remains constructive.
A breakout above 0.20 could trigger another wave of FOMO buyers entering the market. 🔥
Is CLO preparing for a second leg higher, or will sellers defend 0.20 again? 👇🐳