$CRCL has reached a major daily resistance zone
After the recent push higher, price is now testing this key area, and I think a short-term pullback could happen before the next major breakout or breakdown.
Iβm going with a small-risk short from the $94β$96 zone.
Targets: $93.25, $92.59, $92, $91, $90, $88, $85
Leverage: 25x
If sellers take control from this resistance zone, we could see a deeper correction toward the targets above.
But if #Circle breaks and holds above $96.40, Iβd consider the short setup invalid. That could open the door for another bullish leg.
Momentum is also showing some signs of cooling. RSI is around the mid-60s, while MACD is flattening with the histogram slightly negative. Bulls are still strong, but the momentum isnβt accelerating like before.
Iβm keeping the risk small here. Iβd rather wait for confirmation than blindly chase the price.
After the recent push higher, price is now testing this key area, and I think a short-term pullback could happen before the next major breakout or breakdown.
Iβm going with a small-risk short from the $94β$96 zone.
Targets: $93.25, $92.59, $92, $91, $90, $88, $85
Leverage: 25x
If sellers take control from this resistance zone, we could see a deeper correction toward the targets above.
But if #Circle breaks and holds above $96.40, Iβd consider the short setup invalid. That could open the door for another bullish leg.
Momentum is also showing some signs of cooling. RSI is around the mid-60s, while MACD is flattening with the histogram slightly negative. Bulls are still strong, but the momentum isnβt accelerating like before.
Iβm keeping the risk small here. Iβd rather wait for confirmation than blindly chase the price.
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