$CRCL It’s now 89.06, up 1.504% in the last 24h. Funding rate is 0.0001313, which is positive—longs are paying. Trading volume is 16.91 million, open interest is 865k. I can’t see signs that shorts are being forced; it looks more like a gradual price climb while leverage costs keep stacking higher. Over on Trump’s side, a single headline can wipe out leverage on-chain U.S. stock contracts first—don’t expect something like a CryptoLink equity contract such as $CRCL to be able to run solo.
My order: Long, 2x leverage. Take-profit at 90.4, stop-loss at 88.5, position size 10%. The take-profit is basically pushing one more step based on the 24h increase. If it pulls back near 88, I’ll consider adding. A break below 88.5 means this bounce is fake—I’ll leave. Don’t rush to short yet. The funding rate is only 0.0001313; shorts aren’t crowded enough to squeeze their way out via the funding.
What’s most uncomfortable right now is that OI at 865k isn’t light. When price spikes upward with wicks, longs will run first on their own; the sell pressure comes faster than I expected.
Invalidation: If price goes above 90.4 and the funding rate turns negative, I’ll keep holding but won’t add—wait and re-calculate the stop-loss once price is back above 89. Without headlines to cooperate, I won’t move.
Trading tag: #TradFi #链上美股 #CRCL
Where do you think this setup is most likely to be wrong?
My order: Long, 2x leverage. Take-profit at 90.4, stop-loss at 88.5, position size 10%. The take-profit is basically pushing one more step based on the 24h increase. If it pulls back near 88, I’ll consider adding. A break below 88.5 means this bounce is fake—I’ll leave. Don’t rush to short yet. The funding rate is only 0.0001313; shorts aren’t crowded enough to squeeze their way out via the funding.
What’s most uncomfortable right now is that OI at 865k isn’t light. When price spikes upward with wicks, longs will run first on their own; the sell pressure comes faster than I expected.
Invalidation: If price goes above 90.4 and the funding rate turns negative, I’ll keep holding but won’t add—wait and re-calculate the stop-loss once price is back above 89. Without headlines to cooperate, I won’t move.
Trading tag: #TradFi #链上美股 #CRCL
Where do you think this setup is most likely to be wrong?