The chart shows $CLO USDT (Yei Finance / Clovis token perpetual futures on Binance) experiencing heavy downward pressure, currently trading at 0.077761 USDT with a sharp -18.88% drop over the last 24 hours. Price has been in a clear downtrend on the 1D timeframe, breaking lower from previous supports, with red candles dominating and EMAs (8,13,21) stacked bearishly downward.
Key indicators:
Stochastic oscillator: K at ~51, D at ~58, J at ~38 – in neutral territory but recently pulled back from overbought.
RSI(6) ~37, RSI(14) ~34 – both in oversold territory (below 40), hinting at potential exhaustion in selling pressure.
Price bounced slightly from a low around 0.0533, now holding near 0.077 with dotted support line.
This setup screams oversold bounce potential after the brutal dump – classic mean-reversion play in volatile altcoin perps!
🚨 SHORT-TERM LONG SETUP for $CLO USDT 🚨
Enter LONG around current levels ~0.077-0.078
🎯 Take Profit 1: 0.085 (+9-10%)
🎯 Take Profit 2: 0.092 (+18-20%)
🎯 Take Profit 3: 0.098 (near recent high, +26%)
🛑 Stop Loss: 0.072 (below recent swing low, ~7-8% risk)
High volume on the bounce candle + RSI divergence could spark a quick relief rally. Risk only what you can afford – leverage wisely (5-10x max for this volatile gem)!
Don't miss the rebound – $CLO could pump hard from these oversold levels! Trade $CLOUSDT Now! Follow & turn 🔔 on ✅ for more calls!
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