$CLO I’m watching from the sidelines with a bearish bias; I won’t chase below 0.109. In the 1-hour move, price surged to 0.1093 then pulled back to 0.101. Afterwards, even though it bounced up to 0.1088, the most recent closes have been at 0.1075, 0.1047, and 0.1064. The highs have never been reclaimed on close, the momentum is still there, but the price hasn’t continued to push higher.
Over the past 24 hours, the BSC main pool saw about $6.82 million in volume, with liquidity around $1.24 million. There were 20,033 sell orders, higher than the 19,205 buy orders. In the last 6 hours, sells were 5,204 and buys 5,003 as well; over the same period, price has only slipped slightly by about 0.5%. This isn’t a collapse structure, but the “high-level continuation” is clearly not strong enough.
The trading reference is very straightforward: if the 1-hour candle closes below 0.104, I’ll keep looking toward the 0.100 area. Only if there’s a high-volume close above 0.109, and the main pool’s buy orders once again outweigh the sell orders, will the bearish thesis be invalidated. Currently, circulating supply is about 129 million, total supply 1 billion, and circulating float is only about 13%. Low float tends to amplify ups and downs. Until there’s a breakout, I won’t gamble chasing higher.
#CLO #YeiFinance #BSC
Over the past 24 hours, the BSC main pool saw about $6.82 million in volume, with liquidity around $1.24 million. There were 20,033 sell orders, higher than the 19,205 buy orders. In the last 6 hours, sells were 5,204 and buys 5,003 as well; over the same period, price has only slipped slightly by about 0.5%. This isn’t a collapse structure, but the “high-level continuation” is clearly not strong enough.
The trading reference is very straightforward: if the 1-hour candle closes below 0.104, I’ll keep looking toward the 0.100 area. Only if there’s a high-volume close above 0.109, and the main pool’s buy orders once again outweigh the sell orders, will the bearish thesis be invalidated. Currently, circulating supply is about 129 million, total supply 1 billion, and circulating float is only about 13%. Low float tends to amplify ups and downs. Until there’s a breakout, I won’t gamble chasing higher.
#CLO #YeiFinance #BSC