The number 0.1501, is it the coffin lid or the springboard for $CLO? 24h -27.98%, from 0.2104 dropped to 0.1433, volume 24M — this is not a pullback, it's the wreckage after machine gun fire. But I tell you, there are signals buried in this wreckage.

On the 1-hour chart, CLO is showing a double bottom pattern at 0.1433, with MACD histogram bullish divergence, and the fast line flattening near -0.012 about to form a golden cross. This is not random bottom-fishing; it's a point of contention after technical overselling. The 24h low of 0.1433 is a strong short-term support. The current price of 0.1501 is exactly sitting above the Fibonacci 0.618 retracement level — the 0.618 level is at 0.1480, and right now bulls and bears are fighting a defensive battle.
My judgment: This is a warning of a breakout from the bottom, not a trend reversal. If 0.1480 holds, bulls will try to reclaim 0.1720 (previous low turned resistance). But if 0.1433 is broken, the next support is around 0.1200, which is the dense chip zone from November 2023.
Trading advice: Go long with a small position at current price 0.1501, stop loss below 0.1430 (3 points below the previous low, to avoid false breaks), first target 0.1680, second target 0.1850. Position size within 5% of total capital, because volatility is too high, 24h range nearly 47%. If 0.1433 is lost, longs must be closed and reverse to short, target 0.1200.
Don't fantasize about the big players carrying you in a sedan chair; candlesticks after such a drop are for betting on swings. I @交易员老K only trade left side with technical signal support. Right side, wait for a volume breakout above 0.1720 before chasing.
Poll: Do you think 0.1433 is the bottom or a continuation pattern? Leave your thoughts in the comments, let me see if there are like-minded people.