CLO — Short Setup
$CLO is showing weakness around the $0.060–$0.061 resistance zone. The 1H chart is struggling to break higher, and a rejection here could open the way for another downside move.
Entry: $0.0590–$0.0605
TP1: $0.0575
TP2: $0.0555
TP3: $0.0530
TP4: $0.0500
SL: $0.0625
If $0.0585 breaks with momentum, the downside setup could strengthen. Manage risk carefully.
$CLO is showing weakness around the $0.060–$0.061 resistance zone. The 1H chart is struggling to break higher, and a rejection here could open the way for another downside move.
Entry: $0.0590–$0.0605
TP1: $0.0575
TP2: $0.0555
TP3: $0.0530
TP4: $0.0500
SL: $0.0625
If $0.0585 breaks with momentum, the downside setup could strengthen. Manage risk carefully.
