Mar. 14 at 7:32 PM
$CRCL 📏 short-term puts — here's the thesis
this stock went from
$49.90 →
$123.39 in 5 weeks
that's +147% off the low
parabolic moves need to digest. period.
8H chart is screaming it:
❌ RSI hit 70-81 at the top — overbought extreme
❌ volume FADED into the
$123 high — distribution
❌ shooting star candle at the top
❌
$112–
$115 support already broken → now resistance
❌
$10M+ insider selling post-lockup
now do the Fibonacci math:
$49.90 →
$123.39 =
$73.49 range
38.2% retrace = ~
$95
50.0% retrace = ~
$86.60
61.8% retrace = ~
$78 ⬅️ that's the target
$77.93–
$78.10 is a MAJOR support cluster on the 8H
the 61.8% fib AND accumulated volume support
both landing in the same zone
that's not a coincidence — that's where smart money buys the dip for the next leg up
your job as a put holder: ride the retest to
$78
🎯 structure:
$80P/
$75P bear spread (Mar 27)
🟥 invalidation: reclaim
$91.28 on volume
⚠️ risk: Canaccord Digital Assets Symposium Mar 20
Circle unveiling.
#CRCL #hovdid
