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Don't blink! U.S. stocks are surging in premarket trading, with $CRCL up 2.76%! Is this a pullback to pick up buyers or a bull trap?
Be greedy when others are fearful, and follow the trend—but never blindly chase highs and get stuck holding the bag!
On October 19, crypto-related stocks broadly rebounded in premarket trading, with CRCL leading the gains at 2.76%, as sentiment in broader markets ignited the bulls! CRCL surged from 80.73 to 85.78 before meeting resistance. The MACD has now formed a death cross at high levels, while the RSI has retreated from overbought territory, making a short-term shakeout necessary!
Trading advice: Don't chase the rally! Patiently wait for a pullback to around 82.7 and for prices to stabilize before going long, with a stop at 81.5; if prices break above the previous high of 85.78 with strong volume, chase the breakout for new highs.
The broader trend remains intact; sharp drops are just pullbacks to pick up buyers! Want to learn how to pinpoint precise entry and exit levels? Follow Mige, and let's break it all down together in real time #Gate发布9月透明度报告