Watching $CLO closely right nowđ
It dumped hard earlier this year and has been chopping around the bottom for a while.
Now we're seeing a +9% pop today with some decent volume starting to come in.
Right now, price is sitting at $0.054. The main thing for me is whether this volume can sustain or if it's just a dead cat bounce
I'm looking for a confirmed hold above $0.052.
If we hold this support, my targets are $0.075 and then $0.09 if momentum really kicks in.
Stop loss sits right under this recent base at $0.045.
Risk to reward looks decent here for a spot play or a low-leverage long.
Don't chase green candles though, wait for a retest. DYOR as always.
$CLO
It dumped hard earlier this year and has been chopping around the bottom for a while.
Now we're seeing a +9% pop today with some decent volume starting to come in.
Right now, price is sitting at $0.054. The main thing for me is whether this volume can sustain or if it's just a dead cat bounce
I'm looking for a confirmed hold above $0.052.
If we hold this support, my targets are $0.075 and then $0.09 if momentum really kicks in.
Stop loss sits right under this recent base at $0.045.
Risk to reward looks decent here for a spot play or a low-leverage long.
Don't chase green candles though, wait for a retest. DYOR as always.
$CLO