$CLO / USDT — Breakdown confirms distribution

Price: $0.248 | −7.2%

Intraday: High $0.268 | Low $0.241

Reason: Price lost a key consolidation floor as sell pressure increased. Long liquidations accelerated the move once $0.25 failed.

Key Levels:

Support: $0.240 → $0.225

Resistance: $0.260 → $0.275

Trend: Bearish

Trade Idea:

If CLO can reclaim $0.26, expect a short-term mean reversion. Continued rejection below $0.25 favors downside continuation.

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