IS THE RALLY EXHAUSTED? $CLO SHORT AT RESISTANCE 📉
Entry: 0.2220–0.2240 🔥
Target: 0.2140 🚀
Stop Loss: 0.2295 ⚠️
This sharp move up has been losing steam — volume on the last green candle was half of what we saw earlier, and the 1H RSI is showing clear bearish divergence. The resistance zone at 0.2220–0.2240 is a natural area for shorts to step in, and the stop at 0.2295 keeps the risk tight against the recent high.
We're fading the momentum here with a defined risk. The first target at 0.2140 gives a clean 1:2 R:R if filled at the zone. Do you see more upside or is this the top?
Not financial advice. Always manage your risk.
#CLO #ShortSetup #Crypto #FadeTrade #Resistance
📉
Entry: 0.2220–0.2240 🔥
Target: 0.2140 🚀
Stop Loss: 0.2295 ⚠️
This sharp move up has been losing steam — volume on the last green candle was half of what we saw earlier, and the 1H RSI is showing clear bearish divergence. The resistance zone at 0.2220–0.2240 is a natural area for shorts to step in, and the stop at 0.2295 keeps the risk tight against the recent high.
We're fading the momentum here with a defined risk. The first target at 0.2140 gives a clean 1:2 R:R if filled at the zone. Do you see more upside or is this the top?
Not financial advice. Always manage your risk.
#CLO #ShortSetup #Crypto #FadeTrade #Resistance
📉