On $CYS a reversal pattern appeared — the 2nd peak.
If you entered earlier, I hope you weren’t blown out at 1.45.
The 2nd peak formed, and at the same time a 400k wall at 1.5 is in place... A good setup for a short entry.
And if you also set a stop at 3–4, depending on what your deposit allows, then it’s generally great.
This is not investment advice )) Risk only what you’re willing to lose. Or don’t risk at all—an entry at 0.83 is still very good. A steady downtrend will form right then. And it will break the resistance level.
If you entered earlier, I hope you weren’t blown out at 1.45.
The 2nd peak formed, and at the same time a 400k wall at 1.5 is in place... A good setup for a short entry.
And if you also set a stop at 3–4, depending on what your deposit allows, then it’s generally great.
This is not investment advice )) Risk only what you’re willing to lose. Or don’t risk at all—an entry at 0.83 is still very good. A steady downtrend will form right then. And it will break the resistance level.
