Short-term Bear Case for CRCL

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Hello Traders!

As part of my weekly equity trade analysis, I will be uploading my recordings of what I am seeing and intending to trade for the week. A quick summary of what's in the video is as follows:

- CRCL is a high beta stock that seems to not be moving in tandem with its peers as of late
- I am expecting volatility due to market data and monthly options expiration
- CRCL has formed a new bearish order block below another bearish order block and is wedged with a weekly bearish setup. We are anticipating expansion out of this range to the downside
- I am waiting for a re-test of $199-$205 for a full move to $155-$145

Cheers,

DTD

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