🔥$CLO is showing early signs of a relief bounce after a strong downtrend.
🔹 Price: $0.199
🔹 Structure: Price previously dumped from the $0.30 area and found a clear bottom near $0.153, followed by a sharp rebound.
🔹 Bollinger Bands: Price bounced from the lower band and is now trading back near the **mid-band ($0.21)** — a key decision zone.
🔹 Momentum: The strong green candle suggests buyers stepped in aggressively, but the follow-up red candle shows profit-taking and hesitation.
📌 Key Levels to Watch:
Support: $0.18 – $0.15
Resistance: $0.21 (BB mid), then $0.24 – $0.26
📈 Outlook:
Holding above $0.18 could lead to a continuation toward the upper BB.
Losing $0.18 may signal a retest of the lows.
CLO
Alpha
0.20005
+8.06%