$CLO
jumped +25.58% to $0.14571. The candle is large, but the follow-through is questionable. RSI is pushing extreme territory, and the price is stretching away from key moving averages. When you see this kind of vertical ascent, gravity tends to take over. Targets for the downside sit at $0.135 and $0.128.
Trading Plan:
· Entry: $0.145 – $0.146
· Stop Loss: $0.151
· TP1: $0.136
· TP2: $0.129
· TP3: $0.122
👇 Question: Is CLO topping out or just getting started? Tell me your view!
jumped +25.58% to $0.14571. The candle is large, but the follow-through is questionable. RSI is pushing extreme territory, and the price is stretching away from key moving averages. When you see this kind of vertical ascent, gravity tends to take over. Targets for the downside sit at $0.135 and $0.128.
Trading Plan:
· Entry: $0.145 – $0.146
· Stop Loss: $0.151
· TP1: $0.136
· TP2: $0.129
· TP3: $0.122
👇 Question: Is CLO topping out or just getting started? Tell me your view!