CLO's recent trend is still quite interesting. The price has already broken through the upper Bollinger Band (0.8106), but the risks inside this range must be recognized in advance—RSI(6) soared to 88.76, a clear overbought signal, making chasing higher easy to get trapped.

If you want to participate in this wave, it is recommended to operate as follows:

Try a small position to test the waters, look for opportunities to enter in the 0.8190-0.8210 range. The target is near the previous high at 0.8420, which is a recent resistance level. Place the stop-loss at 0.8100, below the upper band, so the risk is manageable.

The key is whether the price can hold above the upper band, which will determine the subsequent trend. If it holds, you can continue to hold; otherwise, it’s better to buy and sell quickly, avoiding being caught by a false breakout caused by overbought conditions. After all, with RSI so high, a correction is only a matter of time. A small position mindset is very important, and controlling risk is crucial.