š CLOUSDT Starts Showing Momentum!
CLO today broke the previous price structure and continues to move in a bearish trend ā however, this actually opens up a significant short opportunity.
Some important points:
š¹ Downtrend is still dominant, MA 7ā25ā99 all pointing downwards
š¹ Price briefly touched the area 0.1982, making it a minor support currently being tested
š¹ Volatility has increased ā suitable for scalping & short swing
š¹ With the right leverage, CLO can provide significant profit in small movements
As long as the price has not reclaimed above MA 25 in the area of 0.20+, the short-term trend remains at risk of continuing downward.
Strategy:
Stay disciplined with TP/SL, follow the trend flow, do not go against the market direction.
$CLO



