[Fake]Circle (crcl.top) (CRCL)

$CRCL and the idea of using technicals + fundamental + sentiment factors together ✍️

I had been considering entry into Circle for months. But as usual, used chart levels to set my ideal entry zone. I decided, "~$64 is my buy level, if that never hits, I will let it go". Which is typical framework for me.

But something I am always stressing:
- not all dips are created equal. Not all pumps are created equal.
- technical levels have to be matched to the fundamental story behind them
- is my profit target hitting on a new catalyst? Maybe I'll keep holding
- my profit target hitting on pure hype? time to sell!

*this works in reverse too*

Technical targets are far less valuable without understanding the fundamental / sentiment context behind the moves.

Circle has now hit the price level I wanted to see. But my suspicion is the move is justified, so I did not pull the trigger.

I still think Circle can be a successful business. But the long-term multibag thesis was that Circle's $USDC would become key part of t

Capitulation day on Circle $CRCL with Visa / Stripe / Mastercard launching their own stablecoin.

Perfect announcement when from a TA perspective we now have:
- gap closed from initial impulse move
- selling on declining volume = signs of exhaustion
- Inverted hammer at the end of a corrective pattern
- sentiment in the gutter

I like the setup here

@AlemzadehC @TheProfInvestor @cantonmeow @Freedom_By_40