I've known a good number of students who have failed clinical or theory and went on to successfully complete their programs.
My suggestions to you (as someone who sits in the course director chair and has been a clinical instructor who has failed students):
1. Look at the syllabus of the course, student handbooks with progression policies, and your clinical evaluation tool to see what the course and college policies are pertaining to clinical failures.
2. The performance problems should be written in a way that's clear so that you understand what performance standards where not met. Did you get any feedback early in the course that you had a problem or did this issue/problem come out of the blue?
3. Request a meeting with the clinical instructor and the course director to discuss the issue. You want to learn something from this experience and get feedback and make a plan to do better going forward.
4. If you did #3, use the administrative chain of command at the school (associate assistant deans, etc).
5. If you have an academic advisor in your school/program, make an appointment ASAP to discuss your options.
I failed students for repeated med errors and not communicating critical patient incidents/status to me at the time of occurrence. I tell my students we all make mistakes and it's usually OK if we figure out what happened, learn something and most importantly-take care of the patient. My students didn't take care of the patient and I can't have their back if I don't know about it.
You can go forward and be successful. Good luck!