Going SHORT on $CLO with 10x Leverage
After a sharp sell-off and increasing bearish pressure, $CLO continues to trade below key resistance levels. The recent weakness suggests that sellers remain in control, and another leg down could be on the table if momentum stays negative.
🔻 Entry Zone: 0.1460 – 0.1480
🛑 Stop Loss: 0.1525
🎯 TP1: 0.1410
🎯 TP2: 0.1350
🎯 TP3: 0.1280
The market structure remains bearish, with lower highs and strong rejection from recovery attempts. A failure to reclaim resistance could open the door for a deeper correction toward the targets above.
⚠️ Risk Management First: Use proper position sizing and never risk more than you can afford to lose.
Patience pays. Wait for confirmation, follow the plan, and let the trend do the work.
CLOUSDT
Perp
0.1962
+3.36%