⚠️ $CLO 12.3x volume spike on a 3.9% pop looks like supply absorption, not reversal - my bias is bearish here on the 1h while price holds below the 0.12620 structure flip — that volume spike and +3.9% pop is a bounce into supply, not confirmed accumulation; 1h is still lower-high / lower-low and this move is counter-trend to bullish daily/weekly and BTC, so I do not chase longs - I expect a test of 0.1184–0.1288 first (last swing high liquidity / 0.1262 HH), then a rejection that rotates back through 0.1136–0.1115 toward 0.1010 and subsequently 0.0936–0.0885 - short entry zone is a failed reclaim / rejection of 0.1262–0.1288 after a liquidity sweep of that high — wait for a 1h bearish engulfing or pin, or a lower-timeframe market structure shift lower before entering; take-profits in order: 0.1136, 0.1010, then 0.0936 - longs only after a 1h close above 0.12620 that flips structure — until then the spike is treated as distribution into the range high; protection belongs beyond the flip / that swing high, not inside the range - invalidation of this bearish 1h bias is a close above 0.12620 📉 not investment advice, educational report only 📊 Flow: OI $4.6M (-10.6% 24h) · funding +0.0156% · taker 1.02× Get this coin's full technical picture → link in bio 🔗