$CLO /USDT BULLISH TECHNICAL ANALYSIS
CLO is showing bullish momentum after holding strong support near 0.6938 (SAR). Price action indicates buyers stepping in, forming higher lows and signaling a potential upward continuation.
Technical Structure:
Price respecting SAR support at 0.6938
Higher lows formation confirms bullish trend
Resistance testing near 0.7682, possible breakout if momentum continues
Resistance Zones:
0.7682
0.7847
0.8581
Support Zones:
0.6938 (SAR)
0.7190
0.6378
Trade Setup (Long):
TP1: 0.7682
TP2: 0.7847
TP3: 0.8581
Stop Loss:
Below 0.6938 (to avoid risk from trend reversal)
Risk Management:
Use proper position sizing, risk only a small % per trade, and trail stop loss as price moves toward targets.
#CLO #CryptoTechnicalAnalysis #BullishTrend #PriceAction #RiskManagement