CLO this wave of market movement can be easily seen at a glance. From the K-line pattern, after the price bottomed at $0.2610, it immediately launched a fierce rally. The price broke through all moving averages in one go, with the 7-day, 25-day, and 99-day moving averages all being crushed beneath, instantly reversing the previous weak pattern. The bulls are now in a completely crushing situation.

Trading volume is the true reflection of this wave of market movement. During the rally, trading volume surged to over 73 million USDT in 24 hours. Such a level of capital inflow is definitely not driven by retail investors; it’s clearly institutions and big players stacking up their positions. Sentiment has been completely ignited.

Regarding how to participate, my advice is not to chase the high. If you're genuinely interested, wait for it to pull back to the $0.38-$0.39 range and try with a small position, or stay at recent key support levels and wait for a low-cost entry opportunity. Take profits in two steps: first at $0.41, then at $0.42. If it can break through the previous high, reaching $0.43 is not a dream. Set your stop-loss at $0.37; once it falls below this level, the short-term explosive momentum should be slowed down.

Honestly, CLO has now entered a sentiment-driven stage. Although the bulls are mighty, the short-term gains are so large that a correction could come at any time. As long as it stays above $0.37 without breaking, the outlook remains optimistic, but definitely avoid heavy positions chasing it. For those looking to short, my advice is to hold off for now. In such an emotionally driven coin, counter-trend operations will only be ruthlessly cut off by the market.