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$CLO JUST LOST ITS GRIP — THIS BOUNCE WON’T LAST ⚠️
I’m going short on $CLO /USDT here 👇
CLO/USDT Short Setup (4H)
Entry Zone: 0.59 – 0.64
Stop-Loss: 0.68
Take Profit:
TP1: 0.55
TP2: 0.50
TP3: 0.44
Why:
CLO is coming off a sharp rejection from 0.85, followed by a heavy -28% dump. Price is now below MA7 & MA25, momentum is clearly bearish, and volume is fading on this move down. RSI is deeply weak, showing no real bullish divergence yet. This looks like distribution after a blow-off top, and as long as price stays below 0.62, downside continuation toward the 0.50 zone and lower remains the higher-probability play.
{future}(CLOUSDT)
#CLO #CPIWatch