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$CLO Strong upward momentum exhaustion after a sharp rise, overbought alert triggered.
Go short immediately $CLO
Entry: 0.106 – 0.108
Stop loss: 0.1085
First target: 0.0854
Second target: 0.0724
Third target: 0.0607
After a rapid surge, the price has entered an extremely overbought zone, and buyers are struggling at high levels. The massive profit-taking pressure is beginning to show, and usually after such extreme extension, supply quickly overwhelms demand, leading to a deep correction. Liquidity is starting to become heavy, and selling pressure could dominate the market at any time.
Trade $CLO. 👇 here