Circle gets OCC approval to establish a national trust bank! $CRCLX going to the moon?


Brothers, CRCL is surging straight up before the open.
News:
Circle has just announced that it has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Circle National Trust, a national trust bank. This is a major regulatory milestone in the U.S.—the USDC infrastructure will be placed directly under federal oversight, and in the future it can provide digital-asset custody and reserve-management services to institutional clients. After the announcement, CRCL jumped more than 5% in pre-market trading on the short term. In addition, on Thursday Cathie Wood’s Ark Invest increased its holdings by 218k shares of CRCL.
Technicals:
RSI1 is currently 94.61, extremely overbought.
Resistance is at 71-72; if it breaks out, watch 75-77. Support is at 68.5-69.5, with strong support at 65.
My take:
An OCC license is a major long-term positive, but the pre-market is severely overbought, and chasing is risky. It’s safer to wait for a pullback before entering.
Trading plan:
Aggressively go long around the current price, then wait for a pullback to enter long near 68.5-69.5.
A license is a long-term positive; for the short term, you can wait for a round of correction.
#GateUS合规扩展佛罗里达 #预测世界杯西班牙VS比利时
CRCLX6.78%
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