$CLO just delivered quite a performance—up 78% within 24 hours. That's the kind of move that catches most traders off guard, though some were positioned ahead of time.

The setup was textbook: a wick that needed filling, and the price action delivered exactly that. For those watching the technicals closely, the signals were there to spot.

What's been impressive is how $CLO has held its bullish momentum over these past few weeks. The recent price action suggests there's genuine demand supporting these levels, not just random volatility. Whether this momentum continues or takes a breather will be worth monitoring in the sessions ahead.