$CLO I’m watching this consolidation print, and it’s textbook trapped long setup.

Price has collapsed -21%, yet funding remains positive every 4H window. That means longs are still paying to stay in a losing position. Smart money doesn’t rescue them—they hunt them.

📊 Market Structure

• 4H: Broke structure hard. EMAs (9/15/50) stacked as resistance near 0.087–0.093. Supertrend 0.096 acting as dynamic roof.

• 1H/15m: Range-bound between 0.0762–0.0766. Bollinger squeeze tightening—volatility expansion imminent.

• Liquidity: Cluster below 0.0752 (yesterday’s low). Order book shows bid stacked but thin—easy to sweep.

🧠 Smart Money Read

Funding divergence is the tell: price down, funding positive = trapped longs hoping for a bounce. The next move? Sweep the low, grab their stops, then continuation.

🎯 Trade Plan – Short

• Entry Zone: 0.0765–0.0766 (retest of range high + EMA9/15 rejection on 15m)

• Stop: 0.0772 (above recent consolidation—structure invalidated if broken)

• Target 1 (scalp): 0.0758 (pre-sweep liquidity)

• Target 2 (swing): 0.0690 (next major HTF support)

• R:R: 1:3.2 (risk 0.0006, target 0.0019)

⚠️ Conviction: 7/10

Missing volume spike, but funding + structure + squeeze confluence is clean. Works in any session—Asia drifts, London breaks.

Invalidation: 4H close above 0.0772. Then I’m wrong. Until then, I’m short.