$$CLO 24-hour increase of 28% to reach 0.2375, but the 24h high of 0.2569 has already been broken through, chasing the high will only cause full losses at the top. The current price has retraced 7.5% from the high, with a trading volume of 51.6M all retail panic selling, no big orders coming in.


My plan is very simple: wait for the price to reach 0.2200-0.2250 to buy, set stop loss at 0.2150, and take profit first at 0.2550. Keep position size at 4%, don’t be greedy. The current price is indecisive, forcing a buy-in just gives others a chance to take your position.
Question: do you think this rally is a market maker dumping or a shakeout? Leave a comment and tell me, I bet 90% it’s the former.
Remember, wait for the retracement to be complete before acting, don’t act prematurely. My trader friends’ rule: no operation outside the plan.
CLO29.67%
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