As I scan the charts, a potential top in $CYS is starting to take shape.
$CYS - SHORT
Entry: 1.2116
SL: 1.7787
TP1: 0.9281
TP2: 0.6445
TP3: 0.361
⚠️ Move SL to Breakeven once TP1 is hit !!!
The 1H chart's volatility compression is reaching a boiling point, hinting at a violent expansion to the downside.
Considering the higher timeframe, the 1D chart's bullish bias - with price trading above its EMA50 - means we're taking a contrarian stance, and thus, it's crucial to exercise caution with our position sizing.
Are you ready to short $CYS as it potentially unwinds its recent gains?
Click here to Trade 👇
$CYS - SHORT
Entry: 1.2116
SL: 1.7787
TP1: 0.9281
TP2: 0.6445
TP3: 0.361
⚠️ Move SL to Breakeven once TP1 is hit !!!
The 1H chart's volatility compression is reaching a boiling point, hinting at a violent expansion to the downside.
Considering the higher timeframe, the 1D chart's bullish bias - with price trading above its EMA50 - means we're taking a contrarian stance, and thus, it's crucial to exercise caution with our position sizing.
Are you ready to short $CYS as it potentially unwinds its recent gains?
Click here to Trade 👇