【$CRCL Signal】Long Position + Strong Breakout on 1H Level, Main Funds Showing Signs of Support

$CRCL The 1H level is currently in a high-level consolidation phase after a strong rally, with the price closely following the previous high and refusing to undergo a deep correction. A single large bullish candle on the 4H chart confirms an upward trend. Although RSI has entered the overbought zone, open interest remains stable and funding rates are mild, indicating that the main funds are still in the market and not purely retail FOMO. Market depth shows heavy sell orders accumulated at 79.78 (1642.9), which is a key resistance. Once broken, it could trigger a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 79.80 - 80.00 (Enter after breaking 79.78 resistance)

🛑Stop Loss: 78.40 (Break below the previous 1H candle low and EMA20 1H support)

🚀Target 1: 83.50 (Extension of previous high and 1:1 risk-reward ratio)

🚀Target 2: 87.00 (Potential Fibonacci extension level on 4H chart)

🛡️Trade Management:

- Position: Light. Current price is at a high level with high volatility. Use a small position to test the breakout validity.

- Execution Strategy: When the price reaches 79.78, observe buying volume. If volume increases and breaks through 79.80, enter the trade. After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If a 1H top divergence or long upper shadow appears, exit all positions.

(Depth Logic: Market logic suggests that price increases should be judged in conjunction with open interest. Currently, OI is stable, and the market can consolidate without falling after a sharp rise, indicating support around 79.5 by funds rather than unsustainable upward movement driven by short covering. Although 1H RSI is high at 93, it can be dulled in a strong trend. The key is whether volume can eat through the massive sell orders at 79.78, which is the critical breakout point for a second wave of rally.)

View real-time market 👇 $CRCL

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