$CLO CARVES MACRO BOTTOM โ LONG SETUP ๐๐ฅ
๐ข LONG
Entry Range: $0.0620โ$0.0680
Stop Loss: $0.0436
TP1: $0.1350
TP2: $0.1850
TP3: $0.2914
CLO has established a tight consolidation base after months of downside and is now attempting to push out of the macro floor, currently trading around $0.0674. For me, the key is whether buyers can defend this base and sustain momentum into the upper resistance levels.
Iโm looking for a clean expansion higher while CLO stays above the $0.0436 support floor. A solid hold around this entry region could open the path toward $0.1350 first, followed by the intermediate $0.1850 supply block, and eventually the primary target marked around $0.2914.
After a prolonged bottoming phase like this, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal, so Iโd rather manage position size and give the setup room instead of chasing with oversized leverage.
As long as the macro bottom holds, my bias stays bullish. Below $0.0436, the setup is invalidated for me.
Now letโs see if CLO has enough power to complete this expansion to the main target ๐๐ฅ
$OPG
$LAB
๐ข LONG
Entry Range: $0.0620โ$0.0680
Stop Loss: $0.0436
TP1: $0.1350
TP2: $0.1850
TP3: $0.2914
CLO has established a tight consolidation base after months of downside and is now attempting to push out of the macro floor, currently trading around $0.0674. For me, the key is whether buyers can defend this base and sustain momentum into the upper resistance levels.
Iโm looking for a clean expansion higher while CLO stays above the $0.0436 support floor. A solid hold around this entry region could open the path toward $0.1350 first, followed by the intermediate $0.1850 supply block, and eventually the primary target marked around $0.2914.
After a prolonged bottoming phase like this, Iโm definitely not treating it like a free-money trade ๐ . Volatility can be brutal, so Iโd rather manage position size and give the setup room instead of chasing with oversized leverage.
As long as the macro bottom holds, my bias stays bullish. Below $0.0436, the setup is invalidated for me.
Now letโs see if CLO has enough power to complete this expansion to the main target ๐๐ฅ
$OPG
$LAB