$CLO – Strong Bullish Structure and Buy Opportunity on Minor Pullback
Long $CLO
Entry: 0.685 – 0.701
SL: 0.635
TP: 0.76 – 0.82 – 0.9
Price Action Description:
On the 1h chart, CLO is displaying a very aggressive upward trend with a steep slope. After a massive breakout from the 0.261 zone, the price has consistently stayed above the MA7, MA25, and MA99 moving averages. The current candlestick structure shows a slight correction after hitting the 0.76 peak, but selling pressure remains low as bearish candles have small bodies. The fact that the price holds firmly above the MA7 (yellow line) indicates that buyers are still in full control. I expect this to be a brief breather before the price gathers enough momentum to break the previous high and reach for new targets, supported by steady capital inflows.
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