CLO has increased by 24% in the past 24 hours and has approached the key resistance level of 0.5477. From a technical perspective, the RSI surged to 89, and the J value soared to 103. Such extreme readings often indicate that short-term upward momentum may be exhausted. Historically, when the price is repeatedly suppressed around 0.5477, it often signifies a concentration of sell orders at that level. Many traders speculate that the current strong rally could be a manipulation by major funds after accumulation, aiming to push the price up and then escape. Once the volume diminishes or a top structure forms, a decline to around 0.45 is possible. Short-term traders should closely monitor the price behavior near the resistance level to identify shorting opportunities.
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GweiObserver
· 01-09 06:02
Is this the same old trick of pumping and dumping? RSI 89 is really scary.
Feels like this is the main force's usual move again, can't hold at 0.5477.
A 24% increase so quickly, it's actually more dangerous.
Waiting for the bagholders at 0.45, I'm watching.
This indicator is off the charts, the exhaustion signal is quite obvious.
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GateUser-9ad11037
· 01-08 19:06
24-hour increase of 24%, this pace is a bit fierce, feels like it's about to top out
RSI has soared to 89, still dare to chase? Wake up, everyone
0.5477 resistance level is indeed very tough, probably a signal of main force distributing
J value 103... this number is a bit scary, I think it will fall
Waiting to buy the dip at 0.45, short-term players be careful
It's another game of pushing up to escape, happening every day
If it can't break this resistance level tomorrow, just dump it directly
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PessimisticOracle
· 01-08 15:14
CLO is surging quite aggressively this time, RSI is already at 89, feels like it's about to peak
The main force is waiting to harvest at 0.5477, I bet it won't break
24-hour increase of 24%? This pace... the opportunity to short is coming
J value 103? Definitely overbought, bears prepare to strike
It's the same old trick, pumping and then crashing, I've seen it too many times
I already set my stop-loss at 0.45, play it safe
This technical pattern clearly indicates a top is near, be careful everyone
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CoffeeOnChain
· 01-08 14:40
Oops, RSI has already soared to 89. How crazy is the buying momentum...
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The main force's current pump is really fierce, beware of the pump-and-dump rhythm
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The 0.5477 level is no joke; with declining volume, just wait to be hammered down
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24-hour increase of 24%, sounds great but I think it's risky
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J value of 103? That's outrageous; this data indicates we're almost at the end
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Waiting to see how 0.45 breaks, feels like a plunge is coming
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Short-term traders entering now are just giving away their assets; such obvious resistance levels
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The old trick of accumulating and then pushing up to escape is old school, happening again
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The rapid rise is even more dangerous; defend 0.45, everyone
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ContractFreelancer
· 01-06 12:54
Uh, RSI is already at 89, how can you still dare to chase?
The main force's move to push the market this time is a bit fierce, it feels like they're digging a pit.
If @0.5477@ can't be broken, then the drop will be quick.
With such weak volume, playing short-term is like walking on a knife's edge.
I think it's better to wait for a clear short signal before going short.
This resistance level is really sticky; it's not surprising to be hammered back once or twice.
Honestly, a 24% increase in 24 hours is too aggressive for a rebound.
You can try a small short position, but set your stop-loss properly.
Don't get caught in the trap of being pushed up and then escaping; too many people have fallen for it.
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BearMarketMonk
· 01-06 12:52
It's the same old story. When RSI soars to 89, it's time to run. I've seen it happen too many times. The 0.5477 level, history will repeat itself—it's just a matter of time.
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notSatoshi1971
· 01-06 12:51
24-hour increase of 24%? That’s so intense? Feels like it’s going to crash, RSI 89 is already overbought
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Is 0.5477 really that tough a level? Feels like the main players are distributing
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Another extreme indicator, another resistance level. Honestly, can it break this time?
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The routine of accumulating funds to push up and then escape, always the same. Who would still buy in?
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Short-term traders might be about to reverse and short this wave. Resistance levels are really critical
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J value 103? That’s a bit scary. Signs of declining volume are becoming more obvious
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Will it really drop around 0.45? Does anyone believe this analysis?
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The historical resistance levels have been suppressed multiple times. What does that mean? It’s just selling pressure piling up
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The rapid rise is actually making people uneasy. Is it a sell-on-rally?
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The last frenzy before the main players escape. Classic routine, everyone
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AirdropHunterWang
· 01-06 12:47
CLO's recent rally is quite aggressive, but the RSI has soared to 89, feeling like something's about to happen.
It surged 24% in one go, the main force's move is really fierce, but breaking through the 0.5477 level doesn't seem that easy.
J value of 103? That's outrageous, it should have already corrected, I bet it won't hold until tomorrow.
The main force accumulating and then pulling out is getting boring, once they flood the market, it might drop to 0.45.
With the RSI so extreme, the opposite operation opportunity has arrived. Bears, get ready to jump in.
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ThesisInvestor
· 01-06 12:33
CLO's recent surge is too fierce; RSI89 directly tells us it's time to top out.
By the way, is the resistance level at 0.5477 really that strong? It feels like the main players have already been accumulating.
Once the trading volume declines, it could drop straight to 0.45, and that would be another bloodbath.
Short-term traders going short, be careful. Those cutting losses at high levels are always the worst off.
Such extreme market conditions are often just a trap for the uninformed; don't be fooled by the surface-level gains.
CLO has increased by 24% in the past 24 hours and has approached the key resistance level of 0.5477. From a technical perspective, the RSI surged to 89, and the J value soared to 103. Such extreme readings often indicate that short-term upward momentum may be exhausted. Historically, when the price is repeatedly suppressed around 0.5477, it often signifies a concentration of sell orders at that level. Many traders speculate that the current strong rally could be a manipulation by major funds after accumulation, aiming to push the price up and then escape. Once the volume diminishes or a top structure forms, a decline to around 0.45 is possible. Short-term traders should closely monitor the price behavior near the resistance level to identify shorting opportunities.