【$CLO Signal】The short squeeze continues; pullbacks are an opportunity to buy

$CLO On the 4-hour timeframe, the price has already pushed out of the upper Bollinger Band; RSI is approaching 80. On the 1-hour timeframe, the buy-side order depth is deep and solid, but active sell orders have started to appear. Open interest remains stable, the funding rate stays positive, and bullish sentiment is still building.

🎯Direction: Long

⚡Entry/Place Orders: Buy in batches in the 0.0928 - 0.0952 range

🛑Stop Loss: 0.0902

🚀Target 1: 0.1153

🚀Target 2: 0.1254

🛡️Trade Management:
- Execution Strategy: After the price touches the first target, reduce the position by half, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.1000, consider exiting early.

The current order book shows buy orders abnormally concentrated around 0.1044, forming a temporary line of defense. The 1-hour MACD dual lines are still diverging upward, but the histogram shows signs of convergence, suggesting a need for a short-term pullback. With prices staying stubborn under such high funding rates, it often comes with the push that forces shorts to cover. The risk-reward ratio is above 4, making it worth using a small stop loss to bet on the continuation of the short squeeze.

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