$CLO latest market update š
Long/short: Short
Entry: 0.12456ā0.12592
Stop loss: 0.12667
Targets: 0.12350/0.12199/0.11972
Analysis: This CLO chart is a textbook dead-cross āstalling and wasting timeā situation. The EMA short-term crosses below the long-term, and the MACD is also just following along and lying flat. The 0.12 support canāt hold against the heavy pressure from 0.13. It just hangs around 0.125, doing nothing. RSI at 52.5 is neither high nor lowāplaying dead, and it canāt even line up a proper confluence. If you say itās going down, it hasnāt actually broken down; if you say itās going to bounce, the rebound canāt even reach the 0.1267 stop-loss level. Retail orders are basically hanging there like fishing bait, and the market maker just ignores it. The downtrend is clearly telegraphed, but it grinds people down to the point of nausea. Wait until it truly breaks 0.12 before considering a shortāchasing shorts now is probably just handing trading fees to the exchange.
Risk warning: Suggested stop-loss level: 0.126673. Please adjust your position size according to your own risk tolerance.
#CLO
Long/short: Short
Entry: 0.12456ā0.12592
Stop loss: 0.12667
Targets: 0.12350/0.12199/0.11972
Analysis: This CLO chart is a textbook dead-cross āstalling and wasting timeā situation. The EMA short-term crosses below the long-term, and the MACD is also just following along and lying flat. The 0.12 support canāt hold against the heavy pressure from 0.13. It just hangs around 0.125, doing nothing. RSI at 52.5 is neither high nor lowāplaying dead, and it canāt even line up a proper confluence. If you say itās going down, it hasnāt actually broken down; if you say itās going to bounce, the rebound canāt even reach the 0.1267 stop-loss level. Retail orders are basically hanging there like fishing bait, and the market maker just ignores it. The downtrend is clearly telegraphed, but it grinds people down to the point of nausea. Wait until it truly breaks 0.12 before considering a shortāchasing shorts now is probably just handing trading fees to the exchange.
Risk warning: Suggested stop-loss level: 0.126673. Please adjust your position size according to your own risk tolerance.
#CLO