$CYS has directly collapsed by 27%. Now it’s at 0.9262—down from 1.84, and it got cut again and again! A trading value of 431M shows that money is疯狂ly fleeing—this isn’t a simple pullback; this is a stampede!!
The 24-hour low at 0.92 is right under your feet. If that level breaks, below it is a vacuum zone—there are no buyers waiting, and a drop to 0.7 is possible. Don’t talk to me about an oversold bounce—if volume is this heavy and it still can’t catch a falling knife, that’s basically handing your head over.
That said, people who were able to unload at 1.84 have long since already left. What’s left now are stubborn long holders who are trapped. The key is whether 0.92 can be held. Holding it is the starting point of an oversold rebound; failing to hold it means the next round of a brutal selloff begins. For the short-term fight, just watch this level. If it breaks below 0.9, cut losses immediately. If it rebounds to above 1.1, then consider whether there might be a chance.
The 24-hour low at 0.92 is right under your feet. If that level breaks, below it is a vacuum zone—there are no buyers waiting, and a drop to 0.7 is possible. Don’t talk to me about an oversold bounce—if volume is this heavy and it still can’t catch a falling knife, that’s basically handing your head over.
That said, people who were able to unload at 1.84 have long since already left. What’s left now are stubborn long holders who are trapped. The key is whether 0.92 can be held. Holding it is the starting point of an oversold rebound; failing to hold it means the next round of a brutal selloff begins. For the short-term fight, just watch this level. If it breaks below 0.9, cut losses immediately. If it rebounds to above 1.1, then consider whether there might be a chance.