$CRCL 4H BOTTOMING OUT 📉➡️📈 ... Bulls Trying to Find a Floor!
$CRCL has been in a heavy downtrend, bleeding from a high of 85.91 all the way down to a low of 71.17. Currently trading around 76.20 (-0.03%), the 4H chart shows price trying to stabilize and build a base after that brutal drop.
Price is chopping around, but we are seeing some green wicks indicating buyers are defending the 71-73 zone.
A strong recovery from here could push price back towards the 80.16 – 83.40 resistance levels.
If momentum returns, a relief rally towards 85.91 is possible.
As long as 71.17 holds as the absolute bottom, I still see a chance for a short-term reversal.
Still risky ... Buyers need to show real strength and break above 76.92 first.
Use stop loss while trading.
Trade on $CRCL
$CRCL has been in a heavy downtrend, bleeding from a high of 85.91 all the way down to a low of 71.17. Currently trading around 76.20 (-0.03%), the 4H chart shows price trying to stabilize and build a base after that brutal drop.
Price is chopping around, but we are seeing some green wicks indicating buyers are defending the 71-73 zone.
A strong recovery from here could push price back towards the 80.16 – 83.40 resistance levels.
If momentum returns, a relief rally towards 85.91 is possible.
As long as 71.17 holds as the absolute bottom, I still see a chance for a short-term reversal.
Still risky ... Buyers need to show real strength and break above 76.92 first.
Use stop loss while trading.
Trade on $CRCL
