【$CLO Signal】Bearish | Weak Consolidation After Volume Breakout

$CLO After experiencing a -19% volume-driven decline, it is now in a weak consolidation at a low level. Combined with high open interest (OI) and falling prices, this leans more towards major players offloading after a short squeeze rather than healthy shakeouts.

🎯 Direction: Short (Short)

🎯 Entry: 0.320 - 0.328

🛑 Stop Loss: 0.345 ( Rigid stop loss, breaking this level invalidates the downward structure )

🚀 Target 1: 0.295

🚀 Target 2: 0.270

Price action shows a decline accompanied by significant volume, indicating genuine selling pressure. High OI remains unchanged during the decline, suggesting that bulls have not exited in large numbers, and may instead become a passive selling pressure in the future. The current consolidation lacks strong buying absorption, and the rebound is weak, a typical downtrend continuation pattern. Market sentiment is biased towards panic and passive long positions, fueling the subsequent decline.

Trade 👇 $CLO

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