CRCLUSDT.P: short setup from support at 61.82

Jul 16

The CRCLUSDT.P instrument is moving in a downtrend, systematically confirming the support level. A recent false break (liquidity sweep) ended with a return above the level, followed by pixel-perfect taps today. A clear price compression towards the level is forming on the chart. I am waiting for the next approach: provided there is volatility contraction right before the breakout, I will consider entering a trend-following short position.

WHAT I WANT TO SEE:

• clear path beyond level
• prolonged base (consolidation)
• price compression (squeeze)
• volatility contraction on approach
• no pullback after strong momentum
• close retest

OBSERVED RISKS:

• exhausted daily ATR

Do you see this setup differently? Let me know your thoughts in the comments.
If this logic aligns with your trading plan, support the idea with a boost!

Disclaimer: This publication is part of my public trading journal. The material is strictly for educational purposes, reflects my market perspective, and is not financial advice. Trading facts, not expectations.

Jul 16

Trade active

Jul 17

Trade closed: target reached