CLO has recently performed steadily, with the bulls taking the lead on the 5-minute chart. Since the rise from 0.3839, the trailing stop line has been strongly raised. Currently, the support level is around 0.3838, and the current price of 0.3881 is operating above this line, indicating that buying pressure still exists.
The MACD indicator's dual lines continue to move upward, and the momentum histogram is also expanding, signaling a surge of additional funds flowing into the market. The next key level to watch is the 0.3900 psychological barrier—if a smooth breakthrough occurs, there will be a foundation to challenge the previous high of 0.3960.
In terms of trading strategy, it is more prudent to set the stop-loss below 0.3838. As long as this line holds, continue to hold the position and wait for further upward opportunities.
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BloodInStreets
· 01-06 11:17
It's the same old story of MACD double lines trending upward... Do they really think retail investors haven't been burned before? I've heard this "influx of new funds" signal so many times that my ears are calloused.
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bridgeOops
· 01-06 02:09
0.3900 this level doesn't seem that easy to beat, I also got stuck here a couple of days ago.
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StakeOrRegret
· 01-03 11:56
0.3900 is a tough level, feels like a surge in volume is needed to break through
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DataBartender
· 01-03 11:56
0.39 feels like a level that needs to be tested before breaking through, and this MACD move definitely has some momentum.
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TradFiRefugee
· 01-03 11:55
You need to keep a close eye on the 0.39 level; if it can't break through, you have to exit.
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MEVHunterLucky
· 01-03 11:50
Is it really that easy to break through the 0.39 barrier? It looks a bit uncertain to me. Anyway, I'll just hold until 0.3838 and then sell.
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GasFeeSobber
· 01-03 11:42
Is it really that easy to break through the 0.3900 level? I feel like I keep getting stuck here every time.
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TradingNightmare
· 01-03 11:36
Is it really that easy to break through the 0.39 level? It feels like the hype is a bit strong.
CLO has recently performed steadily, with the bulls taking the lead on the 5-minute chart. Since the rise from 0.3839, the trailing stop line has been strongly raised. Currently, the support level is around 0.3838, and the current price of 0.3881 is operating above this line, indicating that buying pressure still exists.
The MACD indicator's dual lines continue to move upward, and the momentum histogram is also expanding, signaling a surge of additional funds flowing into the market. The next key level to watch is the 0.3900 psychological barrier—if a smooth breakthrough occurs, there will be a foundation to challenge the previous high of 0.3960.
In terms of trading strategy, it is more prudent to set the stop-loss below 0.3838. As long as this line holds, continue to hold the position and wait for further upward opportunities.