Recently, the trend of CLO is worth paying close attention to. From the position of 0.7123, there is a high probability of a rally in the near future, with the target around 0.7992. However, a question mark needs to be placed here—there may be considerable risks lurking at that level.

Judging from trading volume and historical manipulation habits, this upward move is likely to be carefully orchestrated. The main players have accumulated a large number of short stop-loss orders at the 0.76 level. Once the price surges to around 0.7992, these stops will be triggered one by one, and subsequent pullbacks tend to be quite rapid. In other words, the high level is not the target but a means to clear out the traders.

For traders holding long positions, strategy is crucial. Consider taking profits in stages around 0.79; there's no need to chase the absolute high. Many are attracted by the last bit of profit, only to be caught in a waterfall decline—after all, the speed of a drop is always faster than your reaction time.

Overall, this level indeed presents opportunities, but risk management is more important. Timing well and realizing gains at the right price is more practical than stubbornly holding out for the last dollar at the top.