【$CLO Signal】Short squeeze relay! 1H strong consolidation, waiting for a second breakout

$CLO The 1H timeframe has entered a strong sideways consolidation after a 72% surge, with the price staying close above the EMA20 (0.0957), refusing deep retracement. The 4H timeframe shows a volume-driven long bullish candle confirming a reversal, current open interest (OI) remains stable, funding rates are positive but not overheated, indicating the short squeeze may not be over yet. The order book buy depth (bid_ask_ratio_depth: 1.48) is dominant, showing clear main force support.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1115 - 0.1130 (Reason: Dynamic support from 1H EMA20 and the lower boundary of the current consolidation zone )

🛑Stop loss: 0.1075 (Reason: Break below the 1H previous low support and ATR(0.009)lower band )

🚀Target 1: 0.1208 (Reason: Breakout of previous high resistance, i.e., today’s high )

🚀Target 2: 0.1280 (Reason: Based on the recent rally’s 1.618 Fibonacci extension level )

🛡️Trade management:

- Position suggestion: Light position (Reason: Significant intraday rally, extremely high volatility, risk and opportunity coexist )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.1115. If the price strongly breaks through 0.1208 and stabilizes, consider targeting the remaining position at 0.1280.

Depth logic: Five consecutive bullish candles on the 4H timeframe with volume and price rising together, typical of main force-driven market. The 1H RSI(75.36) is high but not in extreme overbought territory, leaving room for further upside in a strong market. Open interest (OI) remains stable after the price surge, with no sharp decline caused by profit-taking, indicating strong bullish confidence. Market logic suggests “price rising, consider whether main force is entering or shorts are stepping on the accelerator,” current stable OI favors main force support logic. The key is whether the price can turn over above the 1H EMA20, preparing for the next upward move.

Trade here 👇 (
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