$CLO Crashes Hard — Big Selloff Creates a Clear Short Setup

$CLO is in a steep downtrend on the 4-hour chart. Price has dropped nearly -65% from the 0.15730 high and is down another -17.89% today. Bears remain firmly in control—each small bounce is being sold quickly—and price has just printed a fresh low near 0.05721. The trend is strongly bearish with no clear reversal signals yet.

Trade Setup (Short)

Entry Zone: 0.06300 – 0.06800

Look to sell on a bounce into this area if it acts as resistance.

Take Profit 1: 0.05000

Take Profit 2: 0.04200

Stop Loss: 0.07500

Exit if price breaks above the recent lower high.

$CLO

CLOUSDT

Perp

0.07023

+3.82%