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$CLO Signal】Long | Healthy Consolidation After Short Squeeze Initiation
$CLO After a single-day surge of 28%, it is consolidating within a narrow range below the previous high resistance zone. This is a typical healthy reset after a short squeeze, not a top.
🎯Direction: Long
🎯Entry: 0.0870 - 0.0880
🛑Stop Loss: 0.0814 (Breaks below the 4H previous low, rigid stop loss)
🚀Target 1: 0.0975 (Previous high resistance)
🚀Target 2: 0.1050 (Fibonacci 1.618 extension level)
Market Analysis: After a volume breakout on the 4H timeframe, the price consolidates with decreasing volume around 0.088. The