CRCL 60.74, it popped, and then it popped again.
From 58 up to 60.7—about two and a half “ticks,” and it was quite aggressive. But the taker’s sell orders still accounted for nearly 60%; during the rise, there were more sell orders than buy orders. I don’t get it. Each time it pops, people run; this script has been seen too many times.
Open interest is up, and the price is stuck in the middle without moving. Money came in, but it didn’t push higher—it just stalls and grinds around 60.7. If it can’t rise, isn’t that the answer? The worst thing in this kind of position is grinding—grind and grind, and eventually people lose patience.
The “whales” are even more interesting. Slightly over 85%—yet positions are still being added, but the number of accounts is decreasing. Some add, others exit; everyone’s direction is inconsistent. When there’s such disagreement, chasing in isn’t just taking over the bag for others?
This script is one I’ve seen too many times. Once it’s done popping, it should disperse—the survival period is already over.
If you believed them, the money is gone.
#crcl $CRCL
From 58 up to 60.7—about two and a half “ticks,” and it was quite aggressive. But the taker’s sell orders still accounted for nearly 60%; during the rise, there were more sell orders than buy orders. I don’t get it. Each time it pops, people run; this script has been seen too many times.
Open interest is up, and the price is stuck in the middle without moving. Money came in, but it didn’t push higher—it just stalls and grinds around 60.7. If it can’t rise, isn’t that the answer? The worst thing in this kind of position is grinding—grind and grind, and eventually people lose patience.
The “whales” are even more interesting. Slightly over 85%—yet positions are still being added, but the number of accounts is decreasing. Some add, others exit; everyone’s direction is inconsistent. When there’s such disagreement, chasing in isn’t just taking over the bag for others?
This script is one I’ve seen too many times. Once it’s done popping, it should disperse—the survival period is already over.
If you believed them, the money is gone.
#crcl $CRCL