CLO/USDT this spike is really fierce, I can't help but want to participate. Looking at the 1-hour chart, after this volume surge and rebound, the RSI has dropped to 56, just cooling down. Now keep an eye on the 0.68 level.
**Trading Idea**: Place a tentative order around 0.68. This level is both the current price support and the upper boundary of the 1-hour volume zone, making the entry point very clear. Set the stop loss below 0.665, with risk controlled within 2.2%.
**Target Settings**: First target at 0.70 (potential profit of 2.9%), second target at 0.725 (potential profit of 6.6%).
Although the MACD histogram has shrunk, it hasn't formed a death cross yet. As long as the 0.68 line holds, it means the chance for a second jump is still there. If it breaks below the previous low, you must exit immediately.
My plan is to get in first, keep the stop loss tight and unmoving. If it can't push higher, just exit. Reminder: for this kind of short-term trade, keep the position small and test the waters; never hold on to a losing position hoping for a reversal.
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SchrodingerWallet
· 01-10 21:27
0.68 is indeed a tough line, RSI 56 temperature is just right, I'm also itching to act.
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LeverageAddict
· 01-09 22:24
0.68 is indeed a comfortable level, just worried about a break below that leading to a quick sell-off.
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SchroedingersFrontrun
· 01-09 04:52
0.68 is really a key point, but I think it also depends on whether it breaks below 0.665. If it breaks, don't hesitate.
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SlowLearnerWang
· 01-09 04:52
Here comes the 0.68 hurdle again. Last time, I got trapped right here. Dare to play again this time... Forget it, I'll try with a small position. Anyway, the stop-loss is already locked in.
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FlashLoanLord
· 01-09 04:52
If 0.68 doesn't hold this wave, it's over. Feels like I'm about to get trapped again.
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DeadTrades_Walking
· 01-09 04:41
0.68 is the key level to hold, it seems like MACD is a bit tugging this wave.
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CryptoDouble-O-Seven
· 01-09 04:29
If 0.68 breaks, run directly. Don't think about making a comeback. You'll understand after losing once.
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CrazyBlues
· 01-09 04:26
Why does it always rebound? Why post these?
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CoconutWaterBoy
· 01-09 04:25
0.68 holding steady still has a chance, but this wave of needles was really sharp, backing down now.
CLO/USDT this spike is really fierce, I can't help but want to participate. Looking at the 1-hour chart, after this volume surge and rebound, the RSI has dropped to 56, just cooling down. Now keep an eye on the 0.68 level.
**Trading Idea**:
Place a tentative order around 0.68. This level is both the current price support and the upper boundary of the 1-hour volume zone, making the entry point very clear. Set the stop loss below 0.665, with risk controlled within 2.2%.
**Target Settings**: First target at 0.70 (potential profit of 2.9%), second target at 0.725 (potential profit of 6.6%).
Although the MACD histogram has shrunk, it hasn't formed a death cross yet. As long as the 0.68 line holds, it means the chance for a second jump is still there. If it breaks below the previous low, you must exit immediately.
My plan is to get in first, keep the stop loss tight and unmoving. If it can't push higher, just exit. Reminder: for this kind of short-term trade, keep the position small and test the waters; never hold on to a losing position hoping for a reversal.