Trading Plan Long $CYS
$CYS just wicked the 0.9667 support and is trying to reclaim the 1H EMA21.
Entry: $0.9950-$1.0250
Stoploss: $0.9400
Targets: $1.0650 / $1.1500 / $1.2800
CYS swept the 0.9667 support and bounced hard, but needs to hold this EMA21 reclaim. OI dropped 16% in 24h as price ranged, probably some shorts getting squeezed on the way up. Retail is still piled short, but taker buy volume is aggressive. This looks like a re-accumulation before the next leg up. Lose $0.9400 and the setup is dead.
Trade $CYS here 👇
$CYS just wicked the 0.9667 support and is trying to reclaim the 1H EMA21.
Entry: $0.9950-$1.0250
Stoploss: $0.9400
Targets: $1.0650 / $1.1500 / $1.2800
CYS swept the 0.9667 support and bounced hard, but needs to hold this EMA21 reclaim. OI dropped 16% in 24h as price ranged, probably some shorts getting squeezed on the way up. Retail is still piled short, but taker buy volume is aggressive. This looks like a re-accumulation before the next leg up. Lose $0.9400 and the setup is dead.
Trade $CYS here 👇