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$CLO This -21% candle wiped out all my unrealized gains from last week. On the day the Fed minutes came in hawkish, the Nasdaq fell 1.8% and BTC followed, down 2.3%. I reviewed 30 days of data, and the correlation between $CLO and the Nasdaq surged to 0.72—small-cap coins are now just high-beta shadows of U.S. stocks. I went long at 0.043, reasoning that trading volume had just broken 5M and money was flowing in. But as soon as the minutes came out, Treasury yields jumped and liquidity was pulled from risk assets across the board. My stop at 0.039 didn't execute, and I held on until I finally cut at 0.035. One lesson: during macro event windows, stops on small coins must be mechanical. Now 0.035 is near the 24h low, and volume is only 6.1M, with no spike—don't rush to buy the dip. Strategy: try a small long in the 0.0335-0.034 range, with a position no larger than 5%; exit unconditionally if it breaks below 0.0325; take profit at 0.040. Don't just watch the price action—tonight, Treasury yields and Nasdaq futures are what steer $CLO . I'm Old M: I only trade on the right side of the trend and never catch falling knives. Follow me to avoid pitfalls. #每周来晒 #美股史诗级抛售

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CLOCLO-3.65%
NAS100NAS100-0.07%
BTCBTC-0.67%

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Comment 4
ContrarianMind
I’ll only look when nobody’s interested; volume is 6.1M now, so I’ll wait a bit longer
ScriptNinja
Has the stop-loss been automated in the script, or are you monitoring it manually?
OptionFarmer
Correlation is 0.72? Then I need to recalculate the delta on the iron condor I’m selling; the Nasdaq leg is too heavy
OnchainLedger
5% position? This row in my spreadsheet is highlighted in yellow: “Old M’s 5%”