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【$CLO Signal】Bearish | Weak Consolidation After Volume Breakout
$CLO After a 16.52% volume-driven decline, the price is consolidating weakly at a low level. Combined with open interest data, caution is advised for potential main force distribution or continued bearish pressure. The market shows a bearish-dominated structure.
🎯 Direction: Short (Short)
🎯 Entry: 0.330 - 0.335
🛑 Stop Loss: 0.355 (Rigid Stop Loss)
🚀 Target 1: 0.300
🚀 Target 2: 0.275
$CLO Price action indicates weak consolidation after a unilateral decline, lacking effective buying absorption. High trading volume accompanies the price drop, and market sentiment leans towards panic and selling. The current price level has not formed an effective support structure; if the rebound is weak and cannot recover above 0.355, testing lower support zones is the probable path. Small loss, big gain—here, we bet on the continuation of the bearish momentum.
Trade 👇 here $CLO
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