$CLO USDT – STRONG BEARISH TREND, HERE'S THE STRATEGY!
Check multi-timeframe analysis for CLO based on real-time data + latest news:
📉 TREND PER TF:
· 15M & 1H: BEARISH (RSI 36, negative MACD)
· 4H: STRONG BEARISH (broke support $0.74)
· 1D: Still in correction after 30-day rally (+195%)
📰 NEWS CONTEXT:
· There is positive news (whale accumulation, RWA Galaxy Digital $75 million, airdrop)
· But prices continue to fall ➡️ selling pressure is stronger than positive sentiment.
🎯 STRATEGY:
· HIGH SHORT opportunity in the range of $0.69-0.70 (former support turned resistance)
· Target: $0.57 (whale accumulation area)
· SL: above $0.75
· LONG can be considered if the price holds at $0.57 and there is a reversal confirmation on the 4-hour TF.
⏳ TIME ESTIMATE:
· This correction could continue for the next 1-7 days.
· If $0.57 breaks, the correction could be deeper.
⚠️ RISK:
· Positive sentiment could be a catalyst for an unexpected bounce.
· Always use SL and manage risk.
📌 CONCLUSION:
Short-term bearish dominance. Wait for a small rally to SHORT, or wait for a confirmation bounce from $0.57 for LONG swing.
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