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$CLO Sharp rally shows signs of fatigue, overbought warning bells ringing loudly.
Go short on $CLO.
Entry: 0.112 – 0.116
Stop loss: 0.126
First target: 0.090
Second target: 0.074
Third target: 0.061
The surge towards new highs has come to an abrupt halt, and buyers appear overwhelmed in the extreme overbought zone. Due to the massive rally, profit-taking sell orders are weighing heavily on the market, and momentum seems to be shifting from buyers to sellers. As long as sellers remain active, this heavy pressure creates favorable conditions for a significant pullback.
Trade $CLO here 👇