$CLO I’m bearish this round—I entered with 10x. The price was pushed back in the 0.20822-0.21002 zone. The rejection was pretty clean. The 4-hour chart is also leaning bearish, and the daily is still grinding within its range. The 15-minute RSI is only 44; momentum is neutral, but there’s still room to the downside. Volume has been increased to 4x, and it’s clear that sellers are actively placing orders. To the downside, I’m watching 0.20264 and 0.19831; further down, 0.19183. My SL is at 0.21777—don’t stubbornly hold on too long, don’t overextend. The direction is what I’ve given; you decide the position size yourself, and watch the risk.

CLO-21.42%
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