🚨$CLO is bleeding… 0.60 failed and price collapsed to 0.50 🔻😱

Price lost a major support zone around 0.60 (red line).

That level was acting as strong demand, but once it broke, sellers completely took control.

📉 What happened next?

Clean support → resistance flip

No strong bounce after the breakdown

Heavy bearish momentum pushed price straight to 0.50

📌 Key Lessons for Traders:

✅ Support breaks = exits, not buys

✅ Wait for confirmation, not hope

✅ Retests of broken support often lead to continuation dumps

🔍 What to watch next:

0.50 = short-term psychological support

Any bounce toward 0.58–0.60 could be a short opportunity

Bullish reversal only if price reclaims 0.60 with volume

⚠️ Market sentiment: Still bearish until proven otherwise.

📊 Trade smart. Protect your capital.

$CLO #clo

CLOUSDT

Perp

0.056

-11.11%