CLO recently seems to be a bit sluggish. It appears that the 0.7 price level is difficult to break through, so I plan to short around this area. Yesterday, it surged directly from 0.5, with a single-day increase of 30%, which is indeed impressive, but such market conditions are not sustainable every day. In the short term, pay attention to the 0.63 to 0.58 range below, as this is a key technical support. In the long term, I still believe this coin has the potential to return to the 0.5 level. Interestingly, once it doesn't break below 0.5, it might even brew a new high. Honestly, CLO is increasingly giving off the vibe of a妖币 (fantasy coin), with considerable potential.
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NotFinancialAdvice
· 01-09 02:53
0.7 this level really got stuck, I also bearish and betting on a drop to 0.58
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MEVVictimAlliance
· 01-09 02:52
0.7 this level really can't hold up, I'm also bearish now, waiting to crash
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HashBandit
· 01-09 02:47
ngl, 30% pump in a day screams pump & dump vibes... back in my mining days we'd see this exact pattern right before the rug. that 0.63-0.58 support range is giving me false security tbh. if it breaks, electricity cost calculations alone tell me this thing isn't sustainable long-term lol
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TommyTeacher
· 01-09 02:40
0.7 won't break anytime soon, I also bearish, betting on a pullback
CLO recently seems to be a bit sluggish. It appears that the 0.7 price level is difficult to break through, so I plan to short around this area. Yesterday, it surged directly from 0.5, with a single-day increase of 30%, which is indeed impressive, but such market conditions are not sustainable every day. In the short term, pay attention to the 0.63 to 0.58 range below, as this is a key technical support. In the long term, I still believe this coin has the potential to return to the 0.5 level. Interestingly, once it doesn't break below 0.5, it might even brew a new high. Honestly, CLO is increasingly giving off the vibe of a妖币 (fantasy coin), with considerable potential.