CLO has recently performed quite strongly, but the current trend has already shown signs of fatigue. Looking at the 1-hour chart makes it clear — after reaching the high point, it turned around directly, and the closing is still a bearish candle, which is a typical top-reversal pattern. Even more concerning is that the 15-minute chart has already entered a continuous decline mode, indicating that the trend is weakening.

From a technical perspective, it is certain that this coin is entering a correction phase. Although the previous gains were substantial, all these signals now suggest that a shorting opportunity is forming. In the short term, without a significant rebound or a break above resistance, the downside potential remains considerable. For traders looking to participate, the current entry point for shorting seems good, but risk management must be well in place—don't be greedy.