⚠️ Start of Downtrend: $CLO Officially Enters Correction Phase! ⚠️
Alert to everyone monitoring CLO: The scenario we warned about is now unfolding. After reaching its peak at $0.7600, red candles have appeared, and the price is now clearly declining toward levels of $0.7303.
Technical signals confirm the start of correction:
Break of upward momentum: The price failed to maintain levels above the recent peak and has begun to decline, indicating seller control and the start of profit-taking.
Pullback to the middle line: Technically, the price is now attempting to retest the middle line of the Bollinger Bands (MB: 0.7290). If this level is broken, the decline will accelerate and deepen.
Long upper wicks: The appearance of long upper wicks at $0.7460 reflects massive selling pressure preventing the price from continuing its upward move.
Protection Advice:
No random entries: Entering now is investment suicide; the price is in a "distribution" phase, not a "accumulation" phase.
Monitor support levels: If you're waiting for an entry opportunity, watch for price stabilization at lower support levels—don't buy while the knife is still falling.
Activate Stop Loss: If you're still in the trade, securing remaining profits is the top priority before the price returns to $0.53.
The market is starting to separate victims from the smart ones... Are you ready for this slide? 📉
But there is a strong chance during this correction to reach $1
