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🚨 Going SHORT on $CLO with 10x Leverage 📉
After a sharp sell-off and increasing bearish pressure, $CLO continues to trade below key resistance levels. The recent weakness suggests that sellers remain in control, and another leg down could be on the table if momentum stays negative.
🔻 Entry Zone: 0.1460 – 0.1480
🛑 Stop Loss: 0.1525
🎯 TP1: 0.1410
🎯 TP2: 0.1350
🎯 TP3: 0.1280
The market structure remains bearish, with lower highs and strong rejection from recovery attempts. A failure to reclaim resistance could open the door for a deeper correction toward the targets above.
⚠️ Risk Management First: Use proper position sizing and never risk more than you can afford to lose.
Patience pays. Wait for confirmation, follow the plan, and let the trend do the work.
#MyGateTradeStory