【$CLO Signal】Long | Healthy consolidation after short squeeze, waiting for a pullback to add positions

$CLO After a volume breakout, the price is consolidating at a high level. This is a typical healthy reset after a short squeeze, not a top.

🎯Direction: Long

🎯Entry: 0.0850 - 0.0880 (Pullback to EMA20 and previous high support)

🛑Stop Loss: 0.0800 (Break below the low of the previous 4H bullish candle, rigid stop loss)

🚀Target 1: 0.0957 (Previous high resistance)

🚀Target 2: 0.1020 (Fibonacci 1.618 extension)

Market Analysis: The price surged 27% in a single day, but the funding rate is only 0.0858%, far from dangerous levels, and open interest remains stable, ruling out a major whale dump. Depth imbalance is -36.26%, with asks significantly thicker than bids, indicating that selling pressure above has been effectively absorbed.

Logical Core: This is a typical short squeeze-driven rally. RSI(74.81) is high but not diverging, and the price remains firmly above EMA20(0.0715), with a solid trend structure. The 4H buy volume persists, with a buy/sell ratio stable between 0.49-0.50, showing bullish control.

Key Risk Management: ATR is 0.0075, providing a reasonable stop loss space, with a risk/reward ratio >2.0. Wait for the price to pull back to key support zones (former high turn point + EMA20) before entering, to avoid chasing the high.

Trade here 👇 $CLO

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