$CYS
The 15m structure is decisively bullish, with price breaking out of a prolonged consolidation range and accelerating toward the $0.6054 24h high. Current price is around $0.6028, only slightly below the immediate liquidity level.
The EMA structure strongly supports the move: EMA(7) is at $0.5599, EMA(25) at $0.5365, and EMA(99) at $0.5249. Price is trading well above all three, confirming strong short-term trend expansion.
The key resistance is $0.6054. A clean 15m close above this level would confirm that buyers have absorbed the nearby supply and could open the way toward $0.6109 and higher extension levels.
Because price has already moved sharply, the preferred approach is not to chase the vertical candle. A controlled retest around $0.5630–$0.5700 offers a better risk-to-reward entry, provided buyers defend that zone.
EP: $0.5630–$0.5700
TP1: $0.6054
TP2: $0.6109
TP3: $0.6350
SL: $0.5480
Trend strength is very strong, with price breaking away from the EMA cluster and establishing clear higher highs above previous range resistance.
Momentum and structure remain bullish while $0.5630 holds; a sustained move back below $0.5480 would invalidate the continuation setup.
A confirmed breakout above $0.6054 would clear the immediate liquidity at the 24h high and provide the strongest technical path toward $0.6109 and $0.6350.
$CYS
#CitiPlansBitcoinCustodyForInstitutionsThisYear
The 15m structure is decisively bullish, with price breaking out of a prolonged consolidation range and accelerating toward the $0.6054 24h high. Current price is around $0.6028, only slightly below the immediate liquidity level.
The EMA structure strongly supports the move: EMA(7) is at $0.5599, EMA(25) at $0.5365, and EMA(99) at $0.5249. Price is trading well above all three, confirming strong short-term trend expansion.
The key resistance is $0.6054. A clean 15m close above this level would confirm that buyers have absorbed the nearby supply and could open the way toward $0.6109 and higher extension levels.
Because price has already moved sharply, the preferred approach is not to chase the vertical candle. A controlled retest around $0.5630–$0.5700 offers a better risk-to-reward entry, provided buyers defend that zone.
EP: $0.5630–$0.5700
TP1: $0.6054
TP2: $0.6109
TP3: $0.6350
SL: $0.5480
Trend strength is very strong, with price breaking away from the EMA cluster and establishing clear higher highs above previous range resistance.
Momentum and structure remain bullish while $0.5630 holds; a sustained move back below $0.5480 would invalidate the continuation setup.
A confirmed breakout above $0.6054 would clear the immediate liquidity at the 24h high and provide the strongest technical path toward $0.6109 and $0.6350.
$CYS
#CitiPlansBitcoinCustodyForInstitutionsThisYear