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$CLO 5-minute chart, bulls are steadily in control! 🚀
The trend started from 0.3839, and the stepped trailing stop-loss line has been strongly moved up from 0.3776 to 0.3838, forming a solid dynamic support. The current price is 0.3881, operating above the line, confirming a bullish pattern.
MACD double lines are rising, with the momentum histogram significantly expanding, indicating strong buying power! Currently, attention should be paid to the resistance at 0.3900. If broken, there is potential to challenge the previous high around 0.3960 again.
Market status: Bullish trend continues. Strategically, set the stop-loss below the trend line at 0.3838, and hold steady to wait for a rally.