$CLO Strong bullish recovery after a sharp corrective move with price recovery at the intraday resistance level and formation of higher lows on the 1H. Momentum shifts back to buyers.

Entry

$0.06850 to $0.07050

Stop Loss

$0.06480

Take Profit

TP1 $0.07350

TP2 $0.07700

TP3 $0.08200

Why this setup

Clear higher low after correction

Strong bounce from demand zone $0.06500

Recovery of the level $0.07000 indicating strength

Location to previous high spike near $0.08000

Will CLO break above $0.07300 and continue to $0.08000, or will it first encounter rejection at local resistance?

Buy and trade $CLO 👇

CLOUSDT

Perp

0.08936

+40.94%