If Canelo boxes him and stays off the ropes he can beat Angulo. Almost all of Angulo's kos have taken place with his opponents being on the ropes. He needs a lot head movement as well. He also has to become the counter puncher in the fight. He can beat him but it's highly unlikely he whoops his ass.
Angulo would get close and beat him to a bloody mess, Canelo has gotten this false impression that he is a power puncher, probably listening too much to the HBO broadcast team.
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