🔥 $CLO Bullish Breakout Setup After Long Liquidation
$CLO just cleared out late longs with a liquidation sweep at $0.24758, wiping more than $3.1K in leverage. This kind of shakeout often resets the trend and creates a base for the next upside move.
Market Structure
Price is holding the $0.240 – $0.247 demand zone, a former resistance band now acting as support. Sellers failed to push continuation lower, hinting at quiet accumulation.
Trade Plan
EP: $0.242 – $0.249
TP: $0.270 → $0.295 → $0.325
SL: $0.231
Sentiment
Open interest dropped and funding normalized after the flush, keeping the upside path cleaner. A strong hold above $0.252 would confirm momentum for CLO.
Stay disciplined and let the breakout build. $CLO
CLOUSDT
Διην.
0.2546
+20.15%