$CRCL
I bought CRCL around 80 earlier and planned to add to the position if it retested around 75. Since it has risen, I’ve closed the position for now. Structurally, the rise from the low of 57 is a large A wave. After a B-wave correction, the C wave should begin its upward move. Scenario one is a double zigzag, which would need a break above 95 for confirmation. However, Bitcoin’s rebound has reached resistance, and there may still be another leg down. For CRCL, I’m considering scenario two: it will most likely form a triple zigzag decline and retest below 75 once more, so I’ll stay on the sidelines for now.
#美股超话 #CRCL
I bought CRCL around 80 earlier and planned to add to the position if it retested around 75. Since it has risen, I’ve closed the position for now. Structurally, the rise from the low of 57 is a large A wave. After a B-wave correction, the C wave should begin its upward move. Scenario one is a double zigzag, which would need a break above 95 for confirmation. However, Bitcoin’s rebound has reached resistance, and there may still be another leg down. For CRCL, I’m considering scenario two: it will most likely form a triple zigzag decline and retest below 75 once more, so I’ll stay on the sidelines for now.
#美股超话 #CRCL