📉⚡️ $CLO is undergoing a healthy correction. Shaking out the weak hands!

After a strong vertical rally to a peak of $0.18886, the asset has entered a retest phase on the 1-hour chart. The long red candle down to $0.16271 is a classic flush of overheated leveraged longs. There's no reason to panic—this is a necessary cooldown for bulls before a potential new push higher.

I'm watching for selling pressure to fade in the $0.14200 – $0.15500 support zone for a safer entry opportunity.

#CLO #CryptoTrading #Retest $LAB $MYX

MYXUSDT

Perp

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LABUSDT

Perp

9.597

+3.00%

CLOUSDT

Perp

0.192

+37.13%