$CLO triggered a short liquidation around the $0.08436 level, signaling a sharp upside liquidity sweep that forced short sellers to exit and shifted short-term momentum in favor of buyers. This move shows strong demand stepping in above prior resistance, now acting as support around $0.082–$0.083. As long as CLO holds above this zone, continuation toward $0.088 and $0.092 becomes likely where overhead liquidity is stacked. Short liquidation events often fuel follow-through when buyers maintain pressure. A pullback below $0.082 would slow momentum and push price into consolidation, but structure currently favors upside continuation. $CLO

CLOUSDT

Perp

0.08396

+1.40%