$CRCL just saw 6.5x selling volume, smart money exiting?
- With this breakdown and volume anomaly, I expect the price to remain under heavy bearish pressure in the short term. If there’s a weak bounce toward 80.03–81.80 and price gets rejected with bearish candles or lower timeframe reversal signals, that’s the optimal short entry.
- Entry Example: If price retests 80.03–81.80 and forms a bearish engulfing pattern or a lower high with declining buy volume, enter a short in that zone. Take profit targets: first at 78.87, next at 77.89, and if selling accelerates, 77.11.
- Your stop should be placed above the swing high that forms on the retest (likely above 81.80 or 82.44 depending on the rejection zone).
- If, instead, price flushes down immediately and you see a sharp liquidity sweep below 77.89–77.11, watch for a quick bullish reversal candle and a V-shaped bounce on lower timeframes. Only consider longing if there’s clear evidence of a reversal AND a sudden drop in sell volume.
- If price reclaims and closes above 82.44–82.99, my bearish bias is invalidated and I would step aside—this would indicate the dump was likely a short-term stop-hunt instead of true distribution... $CRCL
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