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20 USDT
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$CLO 1-hour chart: Celebration and alarms coexist! 🚨
Price started from 0.2766, surged over 51% to the current price of 0.4195, with the trend line strongly rising from 0.2641 to 0.4064, confirming the continuation of the bullish trend. 🔥
But a hidden concern has emerged! When the price hit a new high, the key momentum indicator (MACD) significantly weakened, forming a "top divergence." This is a typical sign of bullish momentum exhaustion, warning of a potential trend reversal! ⚠️
In terms of operation, long positions must closely monitor the trailing stop-loss at 0.4064 below. If it breaks, this 101-hour upward rally could come to an end.