They are flushing longs on $CLO around $0.75804 worth $3.15K and I have seen this behavior before many times. I’m reading the structure and this is not a collapse, this is a reset of weak hands. My analysis shows buyers are still protecting the higher timeframe support, so this is why you need to think rebound rather than breakdown.

EP: $0.7450 – $0.7600

TP1: $0.8000

TP2: $0.8450

TP3: $0.9000

SL: $0.7150

I have marked this area as a reload pocket. What’s condition now is to wait for price to stop bleeding before entry. If you want controlled risk, this zone on $CLO is where you watch closely