Everyone is watching the sell on $CLO
Many traders have already liquidated their accounts due to FOMO.
Here’s my perspective as an analyst🤔
I’m watching it closely as well. I do believe there’s more downside potential, but the price action don't show me a setup or interest in sell.
So far, price has not swept the key resistance liq levels. Instead, it’s creating fake sell setups designed to trap new traders.
This is not a market to rush into. No trade for now.
The right move is to wait patiently for liquidity to be swept and for a clear, high-probability setup to form.
I’m not a FOMO trader🙄
I’ll wait for the sweep, let liquidity get grabbed, and once the structure confirms the drop that’s when I step in the ground with all my powers 😎
Additional context:
Only two days left before the next candle forms
Market news seems negative, signaling a short-term bearish outlook for altcoins.
Good Luck ya all geniuses 👏🏻