I am favoring a short on $CYS right now as the trend structure is breaking down on multiple timeframes. We recently lost a critical support floor which has now flipped into a strong resistance block on the retest. Open interest remains dangerously high while spot volume is declining, suggesting long positions are highly vulnerable to a cascade. Momentum indicators confirm the downside continuation.
๐ If this setup makes sense to you, drop a follow โ more trading logic coming.
๐ฏ ENTRY: $0.138
๐ TP1: $0.1263
๐ TP2: $0.1208
๐ TP3: $0.1139
๐ TP4: HOLD
๐ If this setup makes sense to you, drop a follow โ more trading logic coming.
๐ฏ ENTRY: $0.138
๐ TP1: $0.1263
๐ TP2: $0.1208
๐ TP3: $0.1139
๐ TP4: HOLD