$CRCLon is showing highly aggressive price action on the 15-minute chart following a major liquidity hunt. The dramatic flush down to the $110.21 level cleared out weak-handed stop losses before an immediate, powerful green engulfing candle surged back to test the overhead supply. This classic V-shaped stop-run proves that buyers are heavily defending the lower structural boundaries. Currently, the price is stabilizing at $112.90 to build a higher low, which is a healthy retest after such rapid volatility. If this level holds, the market structure remains firmly bullish for a continuation toward the recent peaks, whereas a failure to maintain this footing will risk a deeper slide back to test the absolute lows of the range.

CRCLon

Alpha

112.59

+3.74%

First target is $114.90 where the immediate local resistance sits. Second target is $118.25 to test the 24h high breakout level. Third target is $110.20 as the critical downside support and invalidation mark.

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