Barcode
07-23

$Circle Internet Corp.(CRCL)$ $Coinbase Global, Inc.(COIN)$ $Grayscale Ethereum Mini Trust ETF(ETH)$ πŸ”πŸ“‰πŸ¦ Institutional Flow or Retail Mirage: What’s Really Powering the $CRCL Bounce? πŸ¦πŸ“‰πŸ”

$CRCL bounced from oversold levels, but the real question is this: Are institutions stepping in on regulatory optimism, or is this just another head fake in a structurally fragile chart?

The chart is showing classic distribution. That rising head and shoulders is now fully developed. $208 is the inflection. A hold there could spark a short-term move to $240, but if it cracks, the measured move suggests $181 is in play. Volume has been inconsistent, and the MACD is starting to flatten.

On the regulatory front, the GENIUS Act brings federal structure to the stablecoin market, but with it comes compliance cost and capital constraints. Access to Fed master accounts remains unresolved. Until that’s settled, expect institutional hesitation.

Zoom in and the oversold pressure becomes clearer. $CRCL has collapsed over 30% in just three days. The 60-minute chart is bleeding. But someone clearly sees a trigger: nearly $1.8M flowed into the 4DTE $217.5C contract late in the session. Either that’s smart money front-running a reversal, or another gamma trap waiting to unravel.

πŸ“ˆ Reversal long (only if $208 is defended):

β€’ Entry: Above $215

β€’ Target: $240

β€’ Stop: Below $206

πŸ“‰ Breakdown short:

β€’ Entry: Below $205

β€’ Target: $181

β€’ Stop: Above $212

This is one of the most nuanced setups on the market right now. I’m positioned on the sidelines, but I’ll be ready for either break!

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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
1