CLO in the morning around 7:40 yesterday had a trend worth recording. From a retrospective analysis perspective, the technical indicators at that time indeed showed there was still room for an upward move, with the high expected around 0.85. This judgment was made public through charts and analytical reasoning at the time.

However, subsequent developments changed course. The exchange adjusted its fee structure, and there was an upward trend. This directly impacted the previous short strategy—the orders originally planned to be executed at that position were ultimately cancelled.

Why make such a decision? The main consideration was long-term position holding. If fees continue to rise, the cost pressure on long-term holders is significant, which is a hidden cost that must be monitored in long-term trading. Rather than risk fees continuing to climb while stubbornly defending a price level, it's better to maintain flexibility. Although this price action represents a technical opportunity, after weighing risk-reward, the decision was made to temporarily avoid it. This is a common trade-off in trading—not every correct call is worth acting on.