$$CLO Did a 36% surge in 24 hours, from 0.1392 to 0.1976, are you holding steady? Don’t think this move is just retail speculation; I’ve been watching BTC’s position data and noticed that as the Fed’s rate cut expectations heat up, BTC funding rates suddenly flipped from negative to positive. Smart money is aggressively moving from stablecoins into altcoins. CLO’s trading volume hit 56.3 million, doubling the past three days, and active on-chain addresses surged 40% yesterday—clearly major players are accumulating, not random fluctuations.

Many are still debating whether BTC can hold above 60k, but looking at CLO’s trend, its 60-day correlation with BTC has dropped below 0.3, indicating short-term funds are trading independently. Currently at 0.1918, this level is right in the middle of the 0.17 to 0.20 range, representing a strong rebound after a second attempt at a new high. My judgment is: if it can break through 0.1976 with volume before dawn, the next resistance is around 0.22; if it falls below 0.17, then wait for support at 0.14.
In terms of trading, aggressive traders can take a 10% position between 0.185 and 0.19, with a stop loss at 0.178 and take profit at 0.21; conservative traders should wait for a confirmed bounce off 0.17 before entering, with no more than 5% position size. Be careful not to chase the high; the 24-hour rally has already been overextended, and if volume drops below 30 million, a pullback is likely.
Last week, I mentioned in the group about this coin’s structure and MACD bullish divergence at the bottom, when it was only 0.14. Those who followed should do their own calculations. Did you catch this wave?