🚨$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.
CLOUSDT
Perp
0.382
-9.86%