In the middle of the night, I went through my USDT market watchlist again and again. I originally planned to turn off the screen, but I still left $CRDO for last and watched it for another ten minutes.
For this kind of coin, I first check whether the order book is “too hot.” It has risen +7.41% over the past 24 hours, and its current price is $282.81. Its intraday range is $261.53 to $285.46. It’s already close to the highs, but the funding rate is still +0.0000%. I note this: price is moving, but the contract side hasn’t reached an all-out squeeze where one side is completely dominating. There’s some short-term momentum, but it hasn’t gotten overheated or distorted.
I’m more bullish—not because of one day’s surge, but because names like this are very likely still benefiting from attention on the AI infrastructure theme. For something like Credo Technology, as far as I understand, it’s mainly on the high-speed connectivity and data transmission layer. In the past, the market preferred to chase the front-row computing power and chips. Recently, it’s gradually shifted its focus toward the layer of “can the computing power connect efficiently.” As long as AI capex keeps pushing forward, companies that provide connectivity capabilities, bandwidth efficiency, and system coordination are likely to keep getting pulled out and traded repeatedly by capital.
Today I didn’t chase the open/early spike. My action was clear: I’ll only wait for a pullback and then try a 3% position—not grab it near $285. The reason is simple: the 24h trading volume is only $2.23M USDT, and the contract open interest is 6,695 contracts. This suggests Binance has some attention, but liquidity isn’t high enough that you can just swing your hand and hit it.
The coin itself isn’t a problem, but the location/entry still might be.
The most critical variable for this type of asset isn’t how many more points it gains today, but whether the market continues to give “AI infrastructure chain” assets that premium. If sector heat cools off, or high-end tech assets in general lose temperature together, it will likely suffer a retracement as well. I’m putting it on my watchlist now—waiting for the pullback and follow-through. I won’t chase. $CRDO #USStocks
These are my thoughts. You decide what to do with your money.
For this kind of coin, I first check whether the order book is “too hot.” It has risen +7.41% over the past 24 hours, and its current price is $282.81. Its intraday range is $261.53 to $285.46. It’s already close to the highs, but the funding rate is still +0.0000%. I note this: price is moving, but the contract side hasn’t reached an all-out squeeze where one side is completely dominating. There’s some short-term momentum, but it hasn’t gotten overheated or distorted.
I’m more bullish—not because of one day’s surge, but because names like this are very likely still benefiting from attention on the AI infrastructure theme. For something like Credo Technology, as far as I understand, it’s mainly on the high-speed connectivity and data transmission layer. In the past, the market preferred to chase the front-row computing power and chips. Recently, it’s gradually shifted its focus toward the layer of “can the computing power connect efficiently.” As long as AI capex keeps pushing forward, companies that provide connectivity capabilities, bandwidth efficiency, and system coordination are likely to keep getting pulled out and traded repeatedly by capital.
Today I didn’t chase the open/early spike. My action was clear: I’ll only wait for a pullback and then try a 3% position—not grab it near $285. The reason is simple: the 24h trading volume is only $2.23M USDT, and the contract open interest is 6,695 contracts. This suggests Binance has some attention, but liquidity isn’t high enough that you can just swing your hand and hit it.
The coin itself isn’t a problem, but the location/entry still might be.
The most critical variable for this type of asset isn’t how many more points it gains today, but whether the market continues to give “AI infrastructure chain” assets that premium. If sector heat cools off, or high-end tech assets in general lose temperature together, it will likely suffer a retracement as well. I’m putting it on my watchlist now—waiting for the pullback and follow-through. I won’t chase. $CRDO #USStocks
These are my thoughts. You decide what to do with your money.