A $1.09K LONG liquidation just hit $CLO at $0.07425, flushing leveraged long positions and resetting short-term market structure. This liquidation sweep clears weak hands and often opens a volatility window as price searches for its next direction.

With leverage removed, $CLO is now trading at a key reaction zone. If buyers step in and defend this level with volume support, $CLO could attempt a recovery move. Failure to hold may lead to further downside exploration before balance is restored.

Trade Setup

EP: 0.0730 – 0.0755

TP1: 0.0805

TP2: 0.0885

TP3: 0.1025

SL: 0.0705

Post-liquidation moves can be sharp — let price action confirm direction.

#Clo #PEPEBrokeThroughDowntrendLine #TradeCryptosOnX #MarketRebound #CPIWatch