#floortoceiling
floortoceiling
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CYS seems to have turned its floor into a ceiling 🔻
Down 8.9% on the day on $7M. Every bounce dies at $0.11–$0.12 (22 rejections today): that zone no longer supports price—it rejects it. When the character changes like this, the bias starts to take shape.
For now, it looks more like distribution than profit-taking—the supply keeps showing up in the same place. Below, at $0.11, there could be stop-losses from those who bought the last bounce. That’s the liquidity the market tends to go after.
If it reclaims $0.12 on real volume, this read falls apart. Until then, the pressure points south.
Is CYS still looking for liquidity below, or is the drop already overdone? $CYS
#Crypto #FloorToCeiling #PriceAction
CYS seems to have turned its floor into a ceiling 🔻
Down 8.9% on the day on $7M. Every bounce dies at $0.11–$0.12 (22 rejections today): that zone no longer supports price—it rejects it. When the character changes like this, the bias starts to take shape.
For now, it looks more like distribution than profit-taking—the supply keeps showing up in the same place. Below, at $0.11, there could be stop-losses from those who bought the last bounce. That’s the liquidity the market tends to go after.
If it reclaims $0.12 on real volume, this read falls apart. Until then, the pressure points south.
Is CYS still looking for liquidity below, or is the drop already overdone? $CYS
#Crypto #FloorToCeiling #PriceAction
Down 8.9% on the day on $7M. Every bounce dies at $0.11–$0.12 (22 rejections today): that zone no longer supports price—it rejects it. When the character changes like this, the bias starts to take shape.
For now, it looks more like distribution than profit-taking—the supply keeps showing up in the same place. Below, at $0.11, there could be stop-losses from those who bought the last bounce. That’s the liquidity the market tends to go after.
If it reclaims $0.12 on real volume, this read falls apart. Until then, the pressure points south.
Is CYS still looking for liquidity below, or is the drop already overdone? $CYS
#Crypto #FloorToCeiling #PriceAction
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