Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Recently, I have been paying attention to the short-term opportunities of CLO. From a technical perspective, it still looks interesting.
My approach is as follows: I have established a short position at 0.385, planning to add to the position around 0.4. If it can break through the 0.415 level later, I will consider taking profits and exiting.
From the candlestick pattern, a good bullish candle has already formed on the smaller timeframe, and the current price has reached the dense selling pressure area from the previous rapid decline. This position has always been a sensitive point—chips are accumulated here, and the battle between bulls and bears often intensifies.
The key is the next performance: if the volume picks up and the price continues to rise, I will decisively exit; once a clear retracement signal appears, the profit-to-risk ratio remains quite good. It all depends on how the market unfolds.