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$CRCL /USDT SHORT TRADE SETUP
​$CRCL is currently trading at 57.86, showing significant weakness as it hovers near its 52-week low of 49.90. The asset has experienced a sharp -64.55% decline over the last six months, with recent sentiment further dampened by Wolfe Research slashing its price target to $40. Despite occasional buying interest from institutional players like ARK Invest, the 15m and daily charts show the price remains well below major moving averages (50-day SMA at 77.25), signaling a firm "Strong Sell" environment driven by regulatory uncertainty and broader crypto market volatility.
​Target Points
​TP1: 54.00 (Test of recent intraday support base)
​TP2: 49.90 (Retest of the major 52-week low)
​TP3: 40.00 (Alignment with recent bearish analyst price targets)
​Stop Loss
​Set stop loss above 66.00 to manage risk against a potential relief bounce toward the 10-day moving average.
​Buy and Trade here on $CRCL

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