CLO's long-short ratio data is quite interesting — the 0.389 level suggests that the long position ratio is significantly skewed low. Meanwhile, the main force has deployed considerable long positions at the key 0.536 price level, which is a configuration logic worth pondering.

From the market clues, the shorts are indeed holding a substantial amount of chips, which means that once the longs break upward, the liquidation pressure from these shorts could be considerable. In other words, the long side faces sufficient opposing forces, and once the technical breakout is established, the resonance effect generated by reverse liquidations should not be underestimated.

Short-term traders may want to observe the performance around this price level, especially with volume confirmation. Market opportunities often emerge at these moments when the long-short power imbalance is most extreme.