$CYS is showing strong short-term momentum after bouncing from the $0.1095 low and pushing up to $0.1253. Price is now around $0.1206, and the 1H chart shows a sharp breakout followed by some cooling off.
The 7 MA is near $0.1213, while the 25 MA and 99 MA are around $0.1170 and $0.1176. Price is still above the longer moving averages, so the structure looks bullish for now. But after such a fast move, I wouldn’t rush into a long without confirmation.
My trade plan 👇
📍 Entry zone: $0.1190–$0.1200, if support holds and buyers step in
🟢 Support: $0.1190, $0.1176, $0.1170
🔴 Resistance: $0.1226, $0.1253, $0.1261
🛑 Stop-loss: $0.1170
🎯 Target 1: $0.1226
🎯 Target 2: $0.1253
🎯 Target 3: $0.1261, if momentum continues
What I’m watching:
If buyers reclaim $0.1226 and push through $0.1253 with solid volume, another move higher could follow.
But if price loses $0.1190, I’d be careful. A pullback toward $0.1176–$0.1170 wouldn’t be surprising. A 1H close below $0.1170 would invalidate this particular long setup.
For the entry above, the potential reward to the first target is roughly 1:1.7, and to the second target around 1:3.3, before fees and slippage. I’d risk no more than 1% of my trading capital and size the position according to the stop-loss distance.
The key here is not to chase a green candle. I want to see buyers defend support before entering. If the setup doesn’t develop, I’m happy to wait.
Based on the provided 1H chart. Levels are for planning, not guaranteed outcomes. DYOR Not financial advice.
The 7 MA is near $0.1213, while the 25 MA and 99 MA are around $0.1170 and $0.1176. Price is still above the longer moving averages, so the structure looks bullish for now. But after such a fast move, I wouldn’t rush into a long without confirmation.
My trade plan 👇
📍 Entry zone: $0.1190–$0.1200, if support holds and buyers step in
🟢 Support: $0.1190, $0.1176, $0.1170
🔴 Resistance: $0.1226, $0.1253, $0.1261
🛑 Stop-loss: $0.1170
🎯 Target 1: $0.1226
🎯 Target 2: $0.1253
🎯 Target 3: $0.1261, if momentum continues
What I’m watching:
If buyers reclaim $0.1226 and push through $0.1253 with solid volume, another move higher could follow.
But if price loses $0.1190, I’d be careful. A pullback toward $0.1176–$0.1170 wouldn’t be surprising. A 1H close below $0.1170 would invalidate this particular long setup.
For the entry above, the potential reward to the first target is roughly 1:1.7, and to the second target around 1:3.3, before fees and slippage. I’d risk no more than 1% of my trading capital and size the position according to the stop-loss distance.
The key here is not to chase a green candle. I want to see buyers defend support before entering. If the setup doesn’t develop, I’m happy to wait.
Based on the provided 1H chart. Levels are for planning, not guaranteed outcomes. DYOR Not financial advice.