#WriteToEarnUpgrade 🚨 $CLO : Bullish Correction Hits Support — Time to Long? ⚡️
The market is showing a classic "buy the dip" scenario for Callisto Network ($CLO). After a powerful surge to the 0.91 level, we are seeing a healthy technical retracement to a minor support zone on the H1 timeframe.
🔍 Technical Analysis
The recent price action formed a notable long lower wick at the current support. In technical terms, this signals strong "buying pressure" and a rejection of lower prices. It suggests that the bulls are defending this level aggressively, preparing for the next impulsive upward wave.
📈 The Trade Plan: Long Opportunity
Entry Zone: 0.772 – 0.795
Stop Loss: 0.733 (Protecting capital is priority #1)
🎯 Profit Targets (TP)
TP1: 0.825 (Immediate resistance)
TP2: 0.861 (Mid-range target)
TP3: 0.892 (Major breakout zone)
Pro Tip: Always use proper risk management. A retest of the 0.91 local high is possible if momentum holds above the entry zone.
What’s your take on $CLO? Are we heading for a new ATH or will the correction deepen? Let me know in the comments! 👇
#CLO
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