Short $CLO
Entry: 0.1090 – 0.1105
SL: 0.1140
TP: 0.1030 – 0.0980 – 0.0930
Watching $CLO hit the 0.11 ceiling and immediately get rejected with a long upper wick tells me the vertical pump has run out of steam.
The price action looks overextended and is starting to lose momentum, making it feel like a sharp correction to test the 0.098 support floor is loading.
Trade $CLO here 👇
CLOUSDT
Perp
0.087
+1.67%