Circle - Buy the dip or short the hype?

The ideal short was way above, as I discussed in my prior post, at $300. Using my Fibonacci analysis I was able to determine what was a good entry (around $100) and a good exit ($300). I'd prefer not to short now. We are sitting on support but we need a meaningful bounce above $180 - I remain doubtful for now.

At this stage I would prefer to look for another long, although I am not looking to catch a falling knife right here. What looks most probable to me is a failed pump and then a gap fill around $135, this could present a more compelling long. So far the golden pocket is holding up as support at $178. Monitoring this one closely and happy to go long if the volume supports the trade idea.

Keep an eye on this, the volatility is great, it's a trader's dream!