CLO is maintaining a continuous uptrend on the daily chart, and it seems quite a few traders are shorting in this rally. The current price is hovering around 0.7, and from the price action, the 0.8 resistance level is completely possible to be touched. However, the recent 15-minute chart shows a clear consolidation pattern, seemingly waiting for a certain moment to arrive — perhaps brewing the next wave of push higher. From the perspective of the 1-hour K-line, we expect another round of upside attempts.

Interestingly, this token has already entered the top 10 in market cap ranking, with highly concentrated token holdings — currently 80% of the circulating supply is held in top addresses. It's worth noting that this percentage has already declined from 85% the previous day, meaning some chips are being gradually cashed out during this rally.

From a trading perspective, this ultra-high concentration pattern leaves ample room for whale manipulation. If you have shorting intentions, you must be extra cautious and strictly control your position size. In past volatile markets, many longs have been shaken out repeatedly — don't make the same mistake again this time.