$CLO Long Liquidation Update
Long positions worth $4.0822K were liquidated at $0.60032, flushing weak leverage and resetting short-term positioning.
Market Structure
Price is stabilizing after the liquidation sweep, suggesting sell pressure is being absorbed rather than accelerating. This reset keeps the bullish breakout scenario intact if support holds.
Key Levels
Support: $0.600 – $0.585
Resistance: $0.625 → $0.655
Bullish Trade Setup
Entry: Break and hold above $0.625, or a strong reclaim from the $0.600 zone
Targets:
TP1: $0.655
TP2: $0.690
Stop Loss: Below $0.575
Market Sentiment
The liquidation cleared weak longs and improved risk conditions. If buyers defend the support zone and volume expands above resistance, momentum can rotate back in favor of bulls.
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