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07-23

$Circle Internet Corp.(CRCL)$ $Coinbase Global, Inc.(COIN)$ $PayPal(PYPL)$ πŸ’£πŸ“‰πŸ§  $CRCL: Oversold, Loaded, and Poised to Detonate~ or Disintegrate? πŸ§ πŸ“‰πŸ’£

$CRCL just nosedived over 30% in three sessions, triggering oversold RSI conditions on the 60-minute. The selloff comes after Compass Point slashed its rating to Sell and cut the price target to $130. Regulatory tension, earnings compression, and macro rotation have all converged, turning Circle’s post-IPO honeymoon into a volatility storm.

Yet despite the breakdown, someone’s making a bold bet on the bounce.

πŸ‚πŸ‚πŸ‚ Into the final hour of trade yesterday, bulls piled into the 4DTE $217.5C contracts with nearly $1.8M in premium flowing in aggressively. Open interest flipped net negative from 07/18, suggesting short-term speculators are positioning for a reversal or gamma reversion ahead of expiry.

Technically, $CRCL is sitting at a major inflection. The hourly chart is stretched, with heavy volume exhaustion and RSI nearing capitulation. Price action is testing the neckline of a rising head and shoulders structure. A breakdown here confirms $181 as the next key level, while any reclaim of $208–$215 could initiate a short-term snapback rally.

πŸ“ˆ Bullish reversal trade (only if $208 is reclaimed with force):

β€’ Entry: Over $215 intraday reclaim

β€’ Target: $240

β€’ Stop: Below $206

πŸ“‰ Bearish continuation trade (if $205 cracks with volume):

β€’ Entry: Below $205

β€’ Target: $181

β€’ Stop: Above $212

This is a textbook volatility coil: $CRCL is either about to detonate higher on options-driven reflex or flush into the next fib zone on confirmation. Fortunately, I’m not on the wrong side of this one.

πŸ“’ Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets πŸš€πŸ“ˆ I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! πŸ€

Trade like a boss! Happy trading ahead, Cheers, BC πŸ“ˆπŸš€πŸ€πŸ€πŸ€

Circle Dumping Risk? Cash Out at $150 or Time to Bottom?
Circle beats revenue but fell as it 5% as it files to sell 10M shares of Class A common stock. Circle reported a net loss of $482 million in the second quarter, compared with a $33 million profit a year ago. Revenue increased by 53% to $658 million, surpassing Wall Street estimates of $646 million.
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