CLO has been on my watchlist recently. Previously, I caught a move of five to eight times the profit when going long, which was quite good. But after the market retraced, I started to consider the opportunities for shorting.

Yesterday, I tried a short position with a stop loss set at 0.83, but I was immediately stopped out. It was a bit regretful at that moment because if the stop loss hadn't been hit... you know.

Fortunately, around 8 a.m. today, the trend clearly emerged. I didn't hesitate and decisively continued to short. Now, the price has reached a critical resistance level, which could be a good point to close the position at any time. Let's wait and see how it develops.