CLO PLUNGES THROUGH KEY SUPPORT 📉⚡
$CLO shattered the 4‑hour order block at $0.1190, triggering a swift cascade to the $0.11684 support zone 📉 Volume spiked to $6.75 M as stop‑loss sweeps accelerated the downside, eroding the recent bullish bias The break invalidated the previous higher‑low structure, suggesting a shift from a corrective pullback to a potential breakdown 📉
The $0.11684 line now acts as a tactical floor; price has bounced off it twice in the last 30 minutes, but each retest is accompanied by diminishing buying pressure If the order block below $0.1155 holds, the market may settle into a consolidation corridor, offering a chance for a modest rebound toward the $0.12804 mid‑range zone Conversely, a decisive break below $0.1150 would open a path toward the next liquidity pool near $0.1060, signaling a deeper corrective phase 📉
Levels to monitor:
Watching support around $0.11684
Structure suggests resistance near $0.13911
Mid range area: $0.12804
DYOR
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