2026-01-09 10:20:32

CLO is indeed experiencing a strong rally this time. The price has broken out strongly from the middle Bollinger Band to the upper band (0.7931), with a 24-hour increase of over 40%. The MACD has also crossed upward into a golden cross. From a technical perspective, it does look a bit overextended.

However, to be honest—RSI(6) has already soared to 91.12, indicating a seriously overbought condition. In this situation, chasing the high carries significant risk. Buying into a rally easily turns you into a bagholder.

If you insist on participating, I suggest the following approach: enter with a small position, with entry points around 0.8320-0.8330. Place your stop-loss at 0.7270 (below the middle band), and don’t be reluctant to do so. The target is near the extension of the previous high around 0.8500.

The key is whether the price can hold above the upper band. If it stays above, there’s room for further upward movement; but if it breaks below the upper band, don’t hesitate—there could be a quick pullback. Keep your position small and set strict stop-losses—remember these two points.

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BuyHighSellLow

· 13h ago

Haha, the RSI is already at 91 and you're still chasing? Aren't you asking for death? --- How many times have I said to cut small positions and set stop losses? Only a few can really do it. --- Break the upper band and run, I remember this phrase. --- Wait, is 0.8500 the previous high? I can't quite remember. --- Another seemingly perfect plan, but in reality, they all fail. --- Getting stuck at 0.832 is better than waiting for it to adjust. --- Strict stop-loss is easy to say, but when you really incur losses, no one can bear to do it.

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NewDAOdreamer

· 01-11 19:42

Not afraid of RSI 91, they really dare... I'll just watch for now, chasing highs might not be a good idea.

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MEVSandwich

· 01-09 10:45

RSI has already soared to 91, and you're still daring to chase? Aren't you just asking for death, brother? --- A 40% increase looks satisfying, but you're the one taking the risk. --- It's correct to keep a small position and cut losses at these two points, but I'm just worried that human nature will defeat reason. --- If the price can't hold above the upper band, just run; don't hesitate. --- Entering at 0.8330? Alright, I bet it can reach 0.85. --- Even with such severe overbought conditions, some people are still going all-in. This market is truly unbelievable. --- The key is to stick to discipline; most people get wrecked because of this.

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SelfMadeRuggee

· 01-09 10:44

Still daring to chase the RSI of 91, aren't you asking for death? I played like this last time, and I'm still eating dirt now.

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LootboxPhobia

· 01-09 10:40

How much was it again, 91? The RSI is just outrageous, definitely in the mode of taking over the position.

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