$CLO O is showing a pullback from the local top, with visible rejection near recent highs đ
Sellers appear to be stepping back in, and momentum loss suggests a potential deeper retracement if the 0.09 area continues to cap price.
Trade Setup (Short â 20x leverage):
Entry: 0.086 â 0.089
Stop Loss: 0.097
Targets:
âą TP1: 0.078
âą TP2: 0.070
âą TP3: 0.060
If 0.09 remains strong resistance, downside continuation toward lower demand zones becomes more likely.
â ïž With 20x leverage, volatility can trigger sharp liquidations on quick spikes. Wicks above resistance are common in leveraged environments â tight execution and disciplined risk management are critical.
$CLO đ$USDC #TrumpCanadaTariffsOverturned
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CLOUSDT
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