$CLO Short Liquidation $1.9313K at $0.49445
This correction is healthy. Short liquidations like this remove excessive bearish pressure, allowing the market to reset and giving room for buyers to step back in.
Trade Setup I’m Watching:
Entry Zone: $0.4935 – $0.4950
Target 1: $0.5000
Target 2: $0.5075
Stop Loss: $0.4920
This zone is strong because $0.49445 has acted as support in previous swings and aligns with a 38.2% retracement from the last downward move. It’s a reaction area where buyers have historically defended the price
CLO
Alpha
0.4038
-10.15%
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