CLO/USDT market has been heavily manipulated these days, but from the 1-hour chart, the RSI is only at 49.4 and hasn't truly entered oversold territory yet, signaling a potential rebound.
Currently, the price is at 0.39. Technically, 0.385 is an important bottom support. If it directly breaks below 0.38, I will decisively exit and not follow this poor market. Instead of being trapped, it's better to wait for a real opportunity. If I must enter, I only look for a volume breakout above 0.40 as the signal.
If I have no position, the entry idea is very clear—break above 0.40 with accompanying volume, that’s the entry point. Set the stop-loss below 0.385, controlling risk within 3.8%. For targets, first stage is 0.42 (aiming for a 5% profit), second stage is 0.435 (about 8.8% profit).
What is the most critical right now? **Hold back.** The market volume hasn't picked up yet, the MACD histogram is still oscillating below the zero line, and there’s no driving force. Wait for either the 0.385 support to hold and rebound, or for a confirmed breakout above 0.40 to accelerate. Other signals are just distractions. My strategy is to stay on the sidelines; once a breakout occurs, I’ll exit immediately. Even if I feel itchy to trade, I must hold back. Better to miss an opportunity than to make a wrong trade.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
7
Repost
Share
Comment
0/400
SellLowExpert
· 01-08 23:46
Damn, it's the same 0.38 trick again. I'm tired of hearing it.
My hands are itchy, but I really have to hold back. If the volume doesn't pick up, no one dares to move.
Wait for the moment when it hits 0.40, or else you'll get caught.
Break below 0.385 and just get out. This lousy market isn't worth it.
View OriginalReply0
ChainChef
· 01-08 09:11
honestly the recipe here is just "wait for the sauce to thicken" — RSI at 49.4 is like dough not ready to proof yet, ngl patience is the hardest ingredient to keep on shelf rn
Reply0
RugPullProphet
· 01-06 01:52
Hold on, hold on. There's really no momentum this time. Let's wait until the 0.40 breakout.
View OriginalReply0
just_here_for_vibes
· 01-06 01:45
Holding back is truly incredible, I've been itching to death for a long time... Is it possible to break through this level at 0.40 or not remains a question.
View OriginalReply0
SolidityJester
· 01-06 01:43
Hmm, the 0.385 level is indeed crucial, but entering now really feels a bit like gambling.
View OriginalReply0
DustCollector
· 01-06 01:40
The itchiness is indeed a big enemy; I've been cut by it too... Holding back is the way to win.
View OriginalReply0
gas_fee_therapy
· 01-06 01:29
The itch is real, but there's really no chance this time. Let's wait and see.
CLO/USDT market has been heavily manipulated these days, but from the 1-hour chart, the RSI is only at 49.4 and hasn't truly entered oversold territory yet, signaling a potential rebound.
Currently, the price is at 0.39. Technically, 0.385 is an important bottom support. If it directly breaks below 0.38, I will decisively exit and not follow this poor market. Instead of being trapped, it's better to wait for a real opportunity. If I must enter, I only look for a volume breakout above 0.40 as the signal.
If I have no position, the entry idea is very clear—break above 0.40 with accompanying volume, that’s the entry point. Set the stop-loss below 0.385, controlling risk within 3.8%. For targets, first stage is 0.42 (aiming for a 5% profit), second stage is 0.435 (about 8.8% profit).
What is the most critical right now? **Hold back.** The market volume hasn't picked up yet, the MACD histogram is still oscillating below the zero line, and there’s no driving force. Wait for either the 0.385 support to hold and rebound, or for a confirmed breakout above 0.40 to accelerate. Other signals are just distractions. My strategy is to stay on the sidelines; once a breakout occurs, I’ll exit immediately. Even if I feel itchy to trade, I must hold back. Better to miss an opportunity than to make a wrong trade.