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+5.9% Breakout on$CLO
#Clo USDT.P detected
- With price so extended after a big pump and sitting just under the most recent swing high, there’s a high chance of a pullback or even a quick liquidity sweep above 0.09168, followed by a rejection and retrace.
- Entering a long now, without a pullback to support or a clear bullish reversal signal after a dip, is risky and could result in buying the top of a bull trap.
- If you want to take a long, wait for price to dip towards 0.08788 or even 0.08449 and look for:
- A clear pin bar, bullish engulfing, or strong V-shaped reversal on the 5m/15m
- RSI or Stochastic oversold and turning up
- A visible absorption of sell volume at support
- Example long trade: Enter on confirmation after a dip to 0.08788 or 0.08449 with a take profit near 0.09168 and possibly 0.09365. Stop-loss should be placed just below the swing low at 0.07878 or the most recent swing low from your entry.
- If, instead, price spikes above 0.09168 and immediately wicks back below, this could be a good short setup, targeting 0.08849 and 0.08788.
- My bias: Expect a short-term pullback first—possibly a liquidity sweep above 0.09168, then a return to 0.08849 or even 0.08449 before any sustainable continuation higher. Only consider longs after a proper retrace and bullish confirmation—don’t FOMO in here.
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This is not investment advice, only an educational report. Please wait for proper confirmation before trading, and never risk more than you can afford to lose!
#NewUser 🚀 Don’t trade blind — trade with structure