CLO's performance in the past 24 hours has attracted a lot of attention. The price has increased by 35%, with short positions liquidating for a total of $1.95 million during this rally, compared to only $460,000 in long liquidations, showing a significant difference.

From a technical perspective, the price has already broken above the main moving averages. The MACD shows a bullish crossover with the histogram opening upward, and the RSI has entered the strong zone. Market activity indicates abnormal enthusiasm. All these signals point in one direction.

From a trading standpoint, one approach is to go long on a pullback. Specifically: consider entering around the $0.66-$0.68 range, and if the price drops further to $0.58-$0.60, consider increasing your position. Set a stop-loss at $0.54; as long as this level is not broken, you can hold your position. The initial target is $0.76, then $0.88.

Of course, stop-loss management is crucial. Although the trend looks promising, trading is fundamentally a probability game, and every trade requires risk awareness. Pullbacks often present opportunities to accumulate at lower levels, so the key is to find the right entry point.