$CLO Just Shook Out Weak Hands — Is the Real Move Next?
$CLO remains bullish on the 1H as the recent 2.1x volume sell-off looks more like a liquidity grab than genuine distribution. The sharp -2.8% dip swept local liquidity, tapped demand, and price is still holding above the key swing low.
This is a counter-trend long against the daily structure and BTC’s bearish 1H, so confirmation is essential. I’m watching for a 15M/5M market-structure shift with a higher low and bullish reclaim above 0.13107 before considering an entry.
Entry Zone: 0.13107–0.12503
Secondary Add: 0.11803–0.11665 after a sweep and reclaim
Targets: 0.16605 0.17771 0.18216
A 1H close below 0.11154 would invalidate the bullish setup and shift the bias bearish.$CLO
#CLO #CryptoTrading #Altcoins #TechnicalAnalysis #Binance
$CLO remains bullish on the 1H as the recent 2.1x volume sell-off looks more like a liquidity grab than genuine distribution. The sharp -2.8% dip swept local liquidity, tapped demand, and price is still holding above the key swing low.
This is a counter-trend long against the daily structure and BTC’s bearish 1H, so confirmation is essential. I’m watching for a 15M/5M market-structure shift with a higher low and bullish reclaim above 0.13107 before considering an entry.
Entry Zone: 0.13107–0.12503
Secondary Add: 0.11803–0.11665 after a sweep and reclaim
Targets: 0.16605 0.17771 0.18216
A 1H close below 0.11154 would invalidate the bullish setup and shift the bias bearish.$CLO
#CLO #CryptoTrading #Altcoins #TechnicalAnalysis #Binance