đ CLO/USDT 2H â Recovery Rally Testing Major Resistance
CLO is trading near $0.10448 after gaining more than 24% in 24 hours. Price has moved above EMA(7) at $0.10164, EMA(25) at $0.09328, EMA(99) at $0.10058 and MA(44) at $0.09020, confirming improving short-term momentum. The visible major high is $0.15232, while the chart low is $0.08003. Immediate resistance sits between $0.10822 and the 24-hour high of $0.10990, while the displayed 60.79% sell-side pressure warns of possible rejection.
Trade Setup: A confirmed 2H close above $0.10990 followed by a successful retest can activate a long setup, targeting $0.1150, $0.1241 and $0.1400, with stop loss below $0.1030. If CLO closes below the $0.1005 EMA support cluster and fails to reclaim it, a short setup may target $0.0933, $0.0902 and $0.0818, with stop loss above $0.1060. Wait for candle confirmation because price is entering a strong supply area.
#CLO #CLOUSDT #YeiFinance #CryptoTrading #BinanceSquare
CLO is trading near $0.10448 after gaining more than 24% in 24 hours. Price has moved above EMA(7) at $0.10164, EMA(25) at $0.09328, EMA(99) at $0.10058 and MA(44) at $0.09020, confirming improving short-term momentum. The visible major high is $0.15232, while the chart low is $0.08003. Immediate resistance sits between $0.10822 and the 24-hour high of $0.10990, while the displayed 60.79% sell-side pressure warns of possible rejection.
Trade Setup: A confirmed 2H close above $0.10990 followed by a successful retest can activate a long setup, targeting $0.1150, $0.1241 and $0.1400, with stop loss below $0.1030. If CLO closes below the $0.1005 EMA support cluster and fails to reclaim it, a short setup may target $0.0933, $0.0902 and $0.0818, with stop loss above $0.1060. Wait for candle confirmation because price is entering a strong supply area.
#CLO #CLOUSDT #YeiFinance #CryptoTrading #BinanceSquare
