#CYBER/USDT 15mins idea.
The large volume of buyers have now collapsed as we saw a market peak of $16.5 and dumping hard @ $6.525 before cooling down for the time being. That's a 60.45% decrease.
Its current market has formed a bearish ABCD pattern where its harmonic D-leg could retrace @ $8.572.
We got some order blocks plotted on the chart and it is trading within POC. This gives 3 likely scenarios for the next movement in $CYBER .
First scenario, price penetrates the lower OB but bounces from the VAL and hits mid OB.
Second, price bounces from lower OB and mitigates mid OB to complete the bearish harmonic formation.
Third, price makes a fake VAH fakeout, bounces the mid OB and dumps to the next lower OB filling up the previous gaps left 2 days ago during the process.
If I were to weigh in my bias, I'd say more on bearish since the volume has greatly decreased. But it doesn't mean it is already safe to short as market is still volatile.
