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$CLO REJECTS OVERHEAD RESISTANCE AS EXCESSIVE LONG LIQUIDITY BUILDS FOR A FLUSH! 📉
Entry: 0.1059 - 0.1089 🔴
Target: 0.1015 / 0.0950 / 0.0880 📉
Stop Loss: 0.1135 🛑
$CLO wicked directly into the 1h supply zone at 0.1099 following an aggressive push, leaving high-timeframe structural resistance intact. 📊 With retail heavily skewed long at a 1.85 long/short ratio and 8-hour funding rates elevated at 0.0411%, the market is primed for a leverage reset.
Open interest expanded 9% during the move, but contracting basis reveals late buyers are already under pressure. 🔍 Smart capital often sweeps over-extended perpetual longs when inefficiency fills fail to maintain momentum.
A structural reclaim above 0.1135 invalidates the short bias completely. 💬 Are you shorting this resistance retest or waiting for deeper structural confirmation below? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#CLO #ShortSetup #MarketStructure #TradingPlan 🐻 📉