blow-off top formation

$CLO printed a vertical spike into 0.08713 with extreme volume expansion — now showing signs of exhaustion after a parabolic leg.

Short $CLO

Entry: 0.0830 – 0.0870

SL: 0.0925

TP1: 0.0760

TP2: 0.0690

TP3: 0.0615

After a sharp markup phase from 0.063 → 0.087, price is heavily extended above EMA(7) and EMA(25). Parabolic pushes like this often retrace toward the breakout base once momentum stalls.

If 0.082 fails to hold, downside can accelerate toward 0.070 liquidity zone.

Reclaiming 0.090 with strength invalidates the short thesis.

Trade here 👇$CLO

CLOUSDT

Perp

0.08529

-3.69%