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$CLO Signal】Hold Cash | Overbought after Short Squeeze, Waiting for Healthy Pullback
$CLO Completed a violent rally on the 4H timeframe, RSI reached 84.76 entering the extremely overbought zone, but funding rate is as high as 0.1361% and open interest remains stable. This is a typical short squeeze market, not a healthy trend initiation.
Depth data shows buy-side accumulation (Bid/Ask Ratio: 1.51), but this is passive buying caused by the short squeeze, not active accumulation. Price has moved far away from EMA20 (0.0763), with a large divergence.
🎯 Direction: Hold Cash (NoPosition)
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