🎯 $CYS just dumped from 1.87 to 0.69 and I think there's more room below
Checked the heatmap and what I'm seeing lower down explains a lot
$CYS ran an insane move top to bottom this month, from basically nothing to 1.87, and now it's already unwound over 60% of that. The bounce off this level looks weak, more like a pause than real buying.
What caught my eye is the liquidity sitting below. There's a thick cluster stretching all the way down to 0.4609, over 1.5M resting there. Market has a habit of reaching for zones like that once a trend is already broken.
I'm not assuming it's a straight line down, these coins can chop hard on the way, but the path of least resistance looks lower to me right now.
Entry: 0.6996
🎯 TP1: 0.6400
🎯 TP2: 0.5500
🎯 TP3: 0.4609
🛑 SL: 0.8438
TP3 is the one I actually care about, that's dead in the middle of where that liquidity is sitting on the heatmap.
You think CYS holds this level or does it get dragged down into that cluster?
Checked the heatmap and what I'm seeing lower down explains a lot
$CYS ran an insane move top to bottom this month, from basically nothing to 1.87, and now it's already unwound over 60% of that. The bounce off this level looks weak, more like a pause than real buying.
What caught my eye is the liquidity sitting below. There's a thick cluster stretching all the way down to 0.4609, over 1.5M resting there. Market has a habit of reaching for zones like that once a trend is already broken.
I'm not assuming it's a straight line down, these coins can chop hard on the way, but the path of least resistance looks lower to me right now.
Entry: 0.6996
🎯 TP1: 0.6400
🎯 TP2: 0.5500
🎯 TP3: 0.4609
🛑 SL: 0.8438
TP3 is the one I actually care about, that's dead in the middle of where that liquidity is sitting on the heatmap.
You think CYS holds this level or does it get dragged down into that cluster?